network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement. The regulatory

from higher network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement

, increasing 16% YoY and 3.3% QoQ, in line with core service revenue movement. The regulatory fee as a percentage of core service revenue was 4.0%. • Depreciation & amortization was at Bt15,052mn, increasing 21

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

growth mainly coming from home loans and car loans. Meanwhile, credit card loans and personal loans continued to expand. Deposits grew by 4.2 percent from the end of 2018. The ratio of loans to deposits

service station customers. The company closed down service stations that sold under target and were coming to the end of their contract, and made renovations to existing locations to increase thruput per

projects in Japan increased to 30 MW from the previous 20 MW. However, the average irradiation hours in Japan was lowered from the previous year, with reports coming from the Japan Meteorological Agency

overall financial conditions remained accommodative to economic expansion, with high liquidity in the financial system and low government bond yields and effective interest rates. Although the movement of

gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the

fixed sugar price scheme for domestic sugar consumption and introducing floating price as per world market movement, effectively on 15 January 2018, but also the Excise Tax scheme effectively on 16