from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

business operations of its particular bank and its financial conglomerate, transaction volume and related risks and must be reviewed at least once a year and upon any significant change. In addition, close

our undertakings so as to provide the maximum possible benefit to all stakeholders. Meanwhile, KBank emphasizes the maintenance and development of corporate governance on a continuous and sustainable

reported is d ifferent from that reported in the previous period. Operating Highlights in Q1/2020 Q1/19 Q4/19 Q1/20 Change +/(-) (Unit: Million Baht) QoQ YoY Operating revenue 9,067 18,279 18,308 0% 102

joint partnership in a World Class Asset with long continuous production life, the oil produced is highly priced light crude oil. The investment is a considerable progress made on the foundations laid by

to continuous customer base expansion according to the Company’s strategy and introduction of B20 diesel in Bangchak service stations, to promote the adoption of high quality fuel, to help reduce

Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | 5. As for the Non-oil business under the supervision of BCR, these businesses are still undergoing continuous

effect elapsed that led the weather situation back to normal state, and consequence to the continuous growth of palm oil inventory. Furthermore, some countries have raised import duties for palm oil which

, that is strong and entrusted by the customers. In addition, the Corporate Group has expanded its sales and marketing base in both domestic and overseas for Corporate Group’s continuous growth, including

with the continuous increase in the number of office buildings. Our Outdoor media revenue was THB 170mn, an increase of THB 115mn, or 208.4% YoY mainly due to the full quarter consolidation this quarter