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 Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...
rose 8.8% YoY mainly from higher utilities on expanded 4G network whereas marketing expense including handset subsidy represented 6.6% of total revenue, up from 5.6% last year, to continue enhancing
, Switzerland, Poland and the Czech Republic, in the form of subsidies for payrolls, and tax relief. In Germany where the Company has 33 hotels, there is a subsidy for payroll of up to 60% of gross salary. Our
33 hotels, there is a subsidy for payroll of up to 60% of gross salary. Our Office business was slightly affected by COVID-19 as most of our clients are long-term tenants. All our Projects in
sales reported Bt7,116mn, increasing 8.9%YoY but decreasing -27%QoQ. Sim & Device margin remained positive at +2.7%, compared to +2.5% in 2Q20 and +0.6% in 1Q21 due to more efficient subsidy. Cost
sharp drop in tourist SIM while postpaid acquisition and handset subsidy slowed down from temporary shop closure, resulted in slower net add. With intense competition in prepaid and reintroduction of
advertisements and handset subsidy campaigns post COVID-19 lockdowns which reflected in last year’s low base. • Admin & other expenses at Bt15,327mn, decreased -2.2%YoY, mainly from cost control initiatives and
a government tax campaign. The sales margin continued increasing from 4.7% in 1Q24 to 6.0% in 2Q24 due to subsidy optimization and higher mixed of high-margin handset. 2Q24 MD&A Advanced Info Service
1Q24, which included a government tax campaign. The sales margin continued increasing from 4.7% in 1Q24 to 6.0% in 2Q24 due to subsidy optimization and higher mixed of high-margin handset. 2Q24 MD&A