2018. Operating expenses which included the write-off of plant and equipment increased by Baht 23.3 million or 3.4% compared to year 2018. Additional finance costs of Baht 16.1 million or 182.7% were

sales in material product group due to fluctuations in global markets from US and EU policies. Revenue from rental equipment decreased 5.17 million Baht by 4.82%, achieved Baht 102.07 million cause from

electric equipment, and construction of electrical substation. The Company also has 2 subsidiaries engaging in related businesses, which are (1) IGEN Powertech Company Limited (“IGP”), which 51% shares owned

installation work of Baht 12.26 million decreased by 60.10% from the sub- contracting project nearly completion. And revenue from rental equipment decreased 2.49%, achieved Baht 309.98 million due to the

and service 1,500.3 1,473.3 1,343.3 27.0 1.8 157.0 11.7 Cost of equipment for lease 43.0 35.3 35.3 7.7 21.8 7.7 21.8 Administrative expenses 98.5 99.9 82.9 (1.4) (1.4) 15.6 18.8 Income tax expenses 43.0

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

maintain its strong economic fundamentals, with a current account surplus of USD 37.3 billion, approximately 6.8 percent of GDP, and international reserves standing at 1.3 times its total foreign-currency

1 2Q18 MD&A Advanced Info Service Plc. Executive Summary AIS continued to deliver revenue growth in all segments. In 2Q18, core service revenue, which excluded IC and equipment rental, was Bt33,464mn

building and the capitalization of our software as we introduced more features. Cash surplus increased by 23.20 mb or 26.3% due to cash flow generated from operation and good working capital management. (b

, interest income from convertible bonds, as well as return from investing surplus cash in money market products. Cost of Services Our cost of service increased by 43.87mb or 16.4% to 332.39mb (2018: 285.52mb