419.53 415.01 4.52 1.09% 878.63 865.58 13.05 1.51% Gross profit 281.52 280.45 1.07 0.38% 630.12 547.24 82.87 15.14% Other Income - 0.20 -0.20 -100.00% 7.83 2.73 5.10 186.94% Selling expenses 38.23 46.21

in period of 30 years since September 29, 2015 (28 years remaining) Raw water is sourced from land developing to be reservoir at Amphoe Tai Meang, Phang-Nga which these land owned by GS total 25 plots

(96) (114) 19% Gross Profit 168 226 35% Other income 4 3 (25%) Selling and Distribution Expenses (83) (100) 20% Administrative Expenses (46) (61) 33% Finance Cost (1) (1) 0% Profit (Loss) before Income

of Sales (107) (126) 18% (202) (240) 19% Gross Profit 192 250 30% 361 476 32% Other income 3 4 33% 7 7 0% Selling and Distribution Expenses (92) (104) 13% (175) (204) 17% Administrative Expenses (48

of more than one product line or business group, disclose the income proportion of each in the table below, which shall include at least those contributing more than 10 percent of the total income in

-utilized land of Baht 31.08 million (before corporate income tax). (2.2) Cost of Sales and Services Description Year 2017 Year 2016 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales

Operation for 1Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery

supply disruption by a raw material supplier (PTA) resulting in volume loss of 75 K Tons. This facility has since restarted. Higher volume, synergies in procurement and improved annual contracts in the

increase in product sales volume of 8.15 percent and increase in raw material cost, salary and benefits of the employees, gas expenses and repair and maintenance expenses. Cost of services was Baht 216.88

raw material and packaging items, as well as improving efficiency from modern production technology ranging from glass bottle, aluminum can to bottling and canning plants which enabled the economies of