Expressway business of Baht 2,561 Million, representing an increase by Baht 11 Million or 0.4 percent and revenue from Rail business of Baht 1,218 Million representing an increase by Baht 48 Million or 4.1

since real estate business is the significant driving force of the economy. The government has thus issued measures to boost the real estate market i.e. tax deduction of up to 200,000 THB for first time

. 49% 3. Mr. Apichart Kasemkulsiri 1% 4. Mrs. Ornruedi Na-Ranong 1% Source of Funding: Cash flow from business operation of the Company Profit of Investment: Dividend The above is not within the scope of

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for

in the business of selling plots of land, land development including construction building for sale, lease or hire purchase and operating business in flat, apartment and condominium. Head office 3/7

the Share Sale and Purchase Agreement to dispose ordinary shares in a subsidiary, Mo Chit Land Co., Ltd. (MCL), worth THB 4,320mn to Sino-Thai Engineering and Construction PCL. 1 November 2019 All

months Changes 2020 2019 % 2020 2019 %ะ Revenue from expressway business 1,506 2,521 -40.3 3,806 5,103 -25.4 Revenue from rail business 816 1,162 -29.8 2,109 2,373 -11.1 Revenue from commercial development

% of total revenue); decreased by 45% as compared to Q1 2018 of 211 million Baht, comprising of: (1) gross profit from property business of 9 million Baht (14.5% of total revenues from property business

million]. The company also simultaneously, 6 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | invested in the construction and operation of the transmission

finance lease under power purchase agreement 102.3 103.2 102.9 102.0 (0.9) (0.9) 410.4 417.0 (6.6) (1.6) Revenue from construction under a concession arrangement - 68.5 21.2 14.9 (6.3) (29.7) 104.6 - 104.6