Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

Limited (RPCL) as Independent Power Producer (IPP) has a declining revenue trend. The company’s net profit in Q4/2018 was Baht 486 million, decreased by Baht 413 million or 46% from Q3/2018 due to the

2% YoY, going at the same direction of the slowdown in food and beverage segment. Proportion of each market segment and growth of domestic RTD fruit juice market is as shown in figure 2 (Source

Limited, who will guarantee a secured performance domestically. Moving forward, the company’s direction is to continue exploring potential investments across ASEAN countries, which is expected to deliver

, the joint operating strategy was considered an important part that the subsidiaries and associates could generate profits from the operating result. The details of the development and the direction of

investment which depending on government policies, direction of Baht currency and delay of 2020 government budget approval. Also, Coronavirus outbreak and the droughts in Thailand have been affecting to the

alignment with the Company’s direction of focusing on health-driven products. Second R – Reorganize: The Company is preparing for future growth with an organization-wide restructuring. Executives will be

(DTHS) since 3Q17 due to the repositioning of education business following the Company’s new vision and strategic direction. DTHS is now a part of Dusit Thani College to utilize DTHS’s building and

% which lies in the same direction for both years. Net profit shows a significant growth in 2017 in comparison to the previous year at 66.18 million THB or 6.90% of total revenue compared to 27.11 million

oil price by 4.30 Baht/kg or down 21%, which was the same direction as the soften in Malaysian crude palm oil price (CPO-MPOB) due to high inventory. In addition, there was a pressure from soy bean oil