increase of administrative expenses in year 2018 was due to one-time expenses incurring from legal & advisory fee for the acquisition of subsidiary’s remaining shares in 1Q’18. Earnings before interest

taken into account this extra expense, the administrative expenses will increase by 16% yoy. This increase was due to one-time expenses incurring from legal & advisory fee for the acquisition of

Focus on selecting products in groups that are desired by consumers. Marketplace promotions have been created to attract customers, such as store discounts and additional Marketplace discounts, causing

financial institutions for the year 2016 and 2017 were in amounts of 7.56 million and 5.15 million. After the IPO, the short term and long term loans were paid off. Hence, there is no incurring interest

expanding business, Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 4 thus incurring high initial selling, general, and administrative expenses, which led to a

million. After the IPO, the short term and long term loans were paid off. Hence, there is no incurring interest expense in Q4/2017. Net Profit For Q3/2016 and 2017, the net profits were Baht 33.81 million

and work flows, and without incurring as substantial costs of relocation and renovation as the expansion to a remote area from the current location, and the majority of employees is familiar with this

under Clause 13/2; (b) restriction of borrowing proportion, regardless of any means, not exceeding the rates as prescribed in Clause 14; (c) restriction of incurring encumbrances only for the cases as

operation, while incurring an insignificant amount of total liabilities. The Company and its subsidiaries recorded a debt to equity ratio of 0.13 times. Yours sincerely, Mr. Songwut Sakchalathorn Chief

generate retained earnings from operation, while incurring an insignificant amount of total liabilities. The Company and its subsidiaries recorded a debt to equity ratio of 0.13 times. Yours sincerely, Mr