decline by dropping 43.48% compared to the same period last year as sales in China stagnated since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the

Bt33,840mn, improving 1.3% YoY and 2.1% QoQ supported by growth in non-mobile businesses. Mobile business improved QoQ from a seasonality trend while dropping minimally YoY from the continued price competition

consumers have more concerns about spending and sugar intake. RTD fruit juice market and growth is as shown in figure 2 (Source: Nielsen). RTD fruit juice market has been dropping since the beginning of 2017

THB 476 million for Q2-2016. The reduction in profit margin was caused from the selling price dropping as the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of

% YoY and 1.5% QoQ supported by softened handset subsidy.  Marketing expenses were Bt2,608mn, dropping 32% YoY and 9.1% QoQ. In 3Q17, AIS’ handset campaigns were more targeted in gaining mid- to high-end

(Fixed- Mobile Convergence) continued. Fixed broadband ARPU was at Bt558 dropping 8.6% YoY and 1% QoQ, mainly from FMC package which allocates part of revenue to mobile segment. However, overall FMC

98 million, a slight decrease of 1.0% yoy, mainly from a decrease in revenue from Dusit Thani College resulting from fierce competitions and dropping in new student enrollment which is a structural

operations. With AIS’s investment in 5G to strengthen leading position, cost of service increased 4.1% YoY. However, overall SG&A expenses were optimized during prolonged pandemics, dropping by -13% YoY to

assets while new depreciation from 5G asset gradually increase after continuing expanding 5G network capacity. Overall SG&A showed a decline of -6.7% YoY with marketing expense dropping -20% YoY reflected

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...