was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

Thailand, extending the capacity and strengthening business operations, and at the same time supporting raw materials and related products; leading to opportunities for growth in the future. Pre

molasses domestic selling price during 2018/2019, to better reflect the actual raw material cost for the year 2019, which allowed the gross margin to improve. Management Discussion and Analysis of Business

2019 for crude glycerine used as raw material in production of refined glycerine. Besides, part of the loss was also caused by loss on impairment of investment in subsidiary (AIL) of 20.75 million Baht

business unit since there were Made to Order. Which is managing the raw material used to produce edible oil to be profitable. But the storage of crude palm oil cannot be stored separately. As a result, the

. Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 1Q2019 vs. 1Q2018 vs. 4Q2018 (million THB) Methyl Ester Fatty Alcohols Methyl Ester Fatty Alcohols Sale Revenue

primarily due to prepaid expenses and raw materials for engineering service and trading business. • Other non-current assets increased by Baht 15 million due to withholding tax and work retention. • Trade and

of land, specific business tax, duty and all other expenses concerning land transfer will be responsible by the seller. - 3 - Notice of the 50th General Meeting of Shareholders 7. General description

opportunity for any investors to become one of the owners of the Mikka Café franchise in Bangkok and other major cities. After You’s Policies in response to new COVID-19 outbreak AU Business Operation Corporate