securities business in the category of management of other persons’ funds, whether it be the mutual fund or private fund management, has the common objective to protect and maintain the best interest of

business in the category of management of other persons’ funds, whether it be the mutual fund or private fund management, has the common objective to protect and maintain the best interest of investors based

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019

Catering Co., Ltd (“Epicure”); the Company’s subsidiary, entered into the purchase agreement to buy 100% shares in The Caterer Joint Stock Company, which it operates catering and beverage business in Vietnam

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

matter may be outlined according to the eight principles7 prescribed by the Stock Exchange of Thailand, as follows: (1) Fair business practices (2) Anti-corruption (3) Human rights protection (4) Equitable

million liters of Q1/2017. * Note: Total Flights was data of flights that serviced by BAFS only at BKK and DMK Growth (y-o-y) Aviation Refuelling Services Business : Aviation Fuel Volume (million litres

every business segment.  In Q4/2018, the Company and its subsidiaries recorded loss of Baht 143 million, including 2 one-time expenses which were non-cash items, totaling Baht 51 million including higher

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

349 SJ Infinite I Business Complex, Unit 1507, 15th Floor, Vibhavadi-Rangsit Road, Chompol, Chatuchak, Bangkok, 10900 Tel. 02 075 5667-8 Fax. 02 075 5669 Website: www.eicasia.net Ref. EIC-AD005/2018