the previous quarter following the same direction of molasses’ price which is the main raw material in domestic Ethanol production, due to a decrease in sugarcane market supply. In Q2/2017, the Ethanol
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...
%. The details were, as followings; Drought in 2016 caused lower cane production In 2016, drought in Thailand caused the Company less cane production in 2017. The Company has crushed cane in 2017, 6.83
million last year, representing a decrease of 69%. The details were, as followings; Recognized revenue from sugar carry-over with high cost In 2016, drought in Thailand caused the Company less cane
decreasing of revenue due to fee from Tons of sugar cane THB 20 per sugar ton of sugar cane which effect since 2018 January 15th was record in 2019 amount THB 114 million. 3. The new project Refinery was
company had refund from the Office of Cane and Sugar Fund according to the assistance project to support sugar cane planter and sugar plants by THB 234 million. Distribution Cost Decrease in distribution
tons or decreased by 9%. However the 2nd quarter 2018 which is normally the end of harvesting season, the Company has crushed cane increase significantly from 6.83 million tons in 2017 to 11.03 million
community (where is sugar cane and vegetable garden). The Company has explored the 2 potential locations for moving of the factory. The total distance is around 28.7 kilometers. The Company has also explored
increased dynamism in exports of goods and services (source: IMF, October 2017). Steel output so far in 2017 is up 11% in Thailand and we expect this trend to continue. Also, sugar cane harvest is expected to