Company Limited and its Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements for the 1st quarter ending

Asset Sale and Purchase Agreement, the Fuel and Utilities Supply Agreement, the Power Purchase Agreement, the Operation and Maintenance Services Agreement, and the Land Sub-Lease Agreement (collectively

activities, impacted business owners and will likely result in more layoffs and lower household income. The ongoing drought also affected the purchasing power of households in the agricultural sector

, financial cost and administrative expenses. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase / (Decrease) Million Baht % of

11.2 17.7 24.3 Administrative expenses 82.9 80.8 165.2 2.1 2.6 (82.3) (49.8) Revenue from sales and service Most of revenue from sales and services of the Company comes from government agencies and state

, or the Securities and Exchange Commission, or the organizations with regulatory power over financial institutions, or involves in or abets, or has involved in or abetted such act of other persons; (c

private sector contribute a high demand of skilled workers and lead to an increase in household income and consumer purchasing power (Source: Bank of Thailand). Meanwhile, a rise in average oil price in the

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

experienced moderate growth amid global economic uncertainty, driven by the expansion of private consumption and tourism sectors, while the purchasing power of the grassroots consumer remained challenging. AIS

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For