roads and areas with potential. Improvements to the quality of previously owned service station were made to push sales volume per service station, however stations with sales volume below target were

previous year, due to the increased capacity of the Ethanol Production plant at Bo Ploy district, Kanchanaburi province, owned by KSL Green Innovation Plc., from 200,000 liters per day to 300,000 liters per

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...

built from the situation in the Middle East, predominantly with the attacks of 2 refineries owned by Saudi Aramco, Saudi Arabia’s national oil company. The attack was carried out by drones on the 14th

consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the

contraction led to the decline in manufacturing production and private investment. Together with uncertainties in the trade relationship, weaker global economy, and the Thai Baht’s depreciation. On the domestic

continuously improved, mainly due to a growing number of exporting goods by 10.9 percent. This expansion was said to be at the highest rate in 4 years. The private consumption has also increased with declining

percent, greatly improved from the second quarter. Kasikorn Research affirmed that Thai exports increased by 9.3 percent for the past nine months. The spending of both private and public sectors also

น บ ริษั ท ร่วมทุ น ระหว่ า ง Carabao Holdings (Hong Kong) Limited (“CHHK”) บริษัทย่อยในต่างประเทศ และ Intercarabao Private Limited (“ICSG”) พันธมิตรทางธุรกิจสัญชาติสิงคโปร์ที่ ไม่มีความเกี่ยวข้องกับ

offering and/or private placement together with the amount to be received from the exercise of the rights under such securities In respond to the change of capital due to the issuance of CCET-WC, the rights