increased by Baht 11.24 million or an increase of 2.73 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as attached herewith. Please be informed

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 FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

payment. Current investment decreased by THB 2,257 million due to divestment in debt securities (see more details in notes to financial statement 4 Other investments). Net PPE increased by THB 1,739 million

benefits in the contractual terms. Selling expenses were THB 1,968 million, a decrease of THB 552 million or 21.9%, representing 13.2% of total sales, down from 17.5%. The details of key expenses were as

securities (see more details in notes to financial statement 7 Other investments). Net PPE increased by THB 2,407 million from investing in a new glass factory (SGA2), a new beverage factory in Myanmar and

23.04 million had not been included, the net profit of the Corporate Group for Year 2019 would be Baht 548.27 million or an increase of 29.66 percent. Details of the changes or impacts are described in

1,847.1 million and Baht (13.5) million, respectively. Total Revenue and Share of Profit/(Loss) of Utilities Business was Baht 1,833.6 million, a 7.5% increase from 2018. The details have shown in the table

2016 will be realized quarterly from 1Q17 to 4Q20 (see more details on MD&A 4Q16). Financial position Comparing with 4Q16, as of 1Q17, AIS had total assets of Bt279,147mn slightly increasing 1.3% mainly

details of cash flow were as follows: 2.1.1 Cash and cash equivalent of Bt2,530.6 million which cash flow summarized for the first six months of 2017 were below ;- - The Group’s net cash from operation was

details as follows:  Cash and cash equivalent (including current investment of Baht 2,000 million) increased by Baht 3,217 million or 609% from cash from operations of Baht 935 million, cash from IPO of