percent, due to the fact that every distribution channel has expanded significantly, as well as effective cost management has resulted in maintaining gross profit margin at a good level. (2) Analysis of

Networks Limited (BMN) On March 27, 2019, the Company purchased 5.08 Million ordinary shares of BMN, which is the subsidiary company, equal to 20 percent of its issued and paid-up share capital from its

Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 8 of 15 Revenue from rental and services business decreased 3.6% YoY, cost increased 1.8% YoY while, gross profit margin stood

shares in the company. 4. General transaction description : The company will sell the land to Saha Pathana Inter-Holding Plc., who is a connected party to the company, with total areas of 6 rais 66.40

”) in the amount of 132,000 shares with a par value of THB 100 per share or representing 66 percent of all shares of SUTG to Mr. Suparuek Na Songkhla (“Mr. Suparuek”), Mr. Inthidej Pala-in and Miss

business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation

margin of THB 23.33 million and THB 59.19 million respectively, increased by 718.50% QoQ and 174.20% YoY. However UWC recorded net loss of THB 163.88 million increased by 28.80% from those of same period

and 2017 are 143.90 million THB and 318.86 million THB respectively, resulting in gross margin of 17.66% and 15.39%. Cost of sales can be broken down for turnkey business and for supply and maintenance

commenced after all conditions are completed. For more detail, see “Resolutions of the Board of Directors Meeting Regarding Connected Transaction on the Offer to Tender the Entire Ordinary Shares of CSL

In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand) Co.,ltd. ,who is the marketing and sale force for the company and its subsidiaries and joint venture, by holding 49