decrease was due to the following reasons: 1 Due to Global supply surplus in 2018 with addition of domestic price decrease from new sugar regime that domestic price will float. As a result, gross profit

86 million (or 53%), increasing in services of THB 11 million (or 47%) from Q2/2017, increasing in revenue from sales mainly came from Distributor of medical devices and equipment. The Company and its

the interim financial information, the Company has reviewed and changed the estimated useful lives of buildings, machinery and equipment in accordance with their conditions and the proper estimation of

1,417.3 153.8 9.4 377.5 26.6 Rental income from equipment for lease 69.7 55.2 58.1 14.5 26.3 11.6 20.0 Cost of sales and service 1,436.4 1,366.0 1,203.1 70.4 5.2 233.3 19.4 Selling and distribution expenses

operations and there is no allowance for impairment of investments in subsidiaries item. Currently, the company's distribution businesses such as solar panels and equipment 2. The construction contracting

used this period to grow its production substantially over these past 5 years. However, in order to not add to the core cause of declining industry margins which were due to surplus capacity, IVL, unlike

to surplus capacity in of IPA post the spike profitability in 2017. This segment was further impacted by the unplanned shutdown of our Spartanburg site which also impacted our Specialty Fibers

equipment. It will make the Company to reach target groups. 2. An opportunity to increase revenues and generate a reasonable rate of return, thereby helping to strengthen the Company’s financial position and

business of the Company; medical devices and equipment. It will make the Company to reach target groups. 8 2. An opportunity to increase revenues and generate a reasonable rate of return, thereby helping to

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...