products such as steel, which is the main raw material in steel. In 2019, the steel price remained fluctuation, uncertain. Therefore, the Company has planned stock procurement to manage the changing of steel

for 2Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 06 Statement of Income 08 Business Performance 08 Refinery

51% 405 599 48% Cost of sales (68) (111) 63% (132) (210) 59% Gross Profit 138 201 46% 273 389 42% Other Income 3 3 0% 5 5 0% Selling and distribution expenses (68) (85) 25% (134) (160) 19

MDF Board production is relatively cheaper than other competitive countries. The location of the Planet’s MDF Board manufacturing plant is in Yi-ngor district, Narathiwat Province, near the raw material

MDF Board manufacturing plant is in Yi-ngor district, Narathiwat Province, near the raw material area in the three southern border provinces. As the location has numerous rubber-wood plantation areas

Operation for 3Q/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

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

Statement Cash Flows Statement Accounting Financial Ratios Business Performance Executive Summary Statement of Income 19 of Financial Position Environment Management 3 3 | Management Discussion and Analysis

USD/Ton. The increase in crude palm kernel oil price in quarter 3/2017 was resulted from the higher demand as it can be raw material that substitutes coconut oil of which price was rising from tight

with the supplier company, who is a business partner in procuring high quality and suitable raw materials. The transaction mentioned above is considered as disposal of assets in accordance with the