48.3% from 9M/2018, mainly due to the increase in both revenue from sale of goods and revenue from rental and rendering of services, higher gross profit margin from sale of goods, decreased percentage of

business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation

membership card, “Bangchak Green Miles” debuted, and Bangchak Mobile Application which provide customers with convenience and swiftness was introduced. However, net marketing margin declined from the

of goods resulted from clearance sales of old products and seasonal decorations products as well as selling a big lot of low margin project sales. As a result, inventories have decreased significantly

volume; a. Raw Water sales volume decreased by 8.7% YoY mainly due to the planned maintenance shut down of a petrochemical customers and the lower electricity dispatch to EGAT of Glow IPP b. Industrial

support and several kinds of loan package, reduced electricity and water tariffs, and put in place a debt moratorium for citizens and businesses. The Cabinet of Ministers issued an emergency decree

purchasing raw water from private source, depreciation and amortization from investment to increase capacity and employee expenses. However, the company was able to save the electricity cost by 59.21 million

) (10.96%) 2,080.52 1,885.72 (194.80) (9.36%) Costs of Raw Water 278.65 219.95 (58.70) (21.07%) 861.65 712.34 (149.30) (17.33%) Raw Water 34.06 26.59 (7.47) (21.93%) 135.08 91.76 (43.32) (32.07%) Electricity

significantly. In addition, resulting the need to postpone a large-scale project auction and there are a few SI project in the market, thus those had a higher competition, resulting gross margin was declined

. In 2017, average crude run was recorded at 111.37 KBD, and Bangchak Refinery had its record high of crude run at 121.64 KBD throughout March. Gross refinery margin increased from the widening crack