integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect

are being produced at the Port Neches, Texas USA. By leveraging our proven track record in operational and business excellence, this expanded portfolio will deliver sizeable incremental earnings thereby

’ ESOP warrant and business acquisition. From the stated reasons above, the Power Plant Business was able to record higher EBITDA compared to the previous year. Performance comparison between Q2/2018 and

cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management

business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation

 Core EBITDA per ton rose to $153, all time record high, driven by accelerating momentum across our global integrated PET platform, while our HVA business had mixed results, with gains in PEO and

market conditions facilitated increase transaction volume. Performance in Q3/2018 compared to Q2/2018, the Refinery and Trading Business Group record an increased EBITDA by THB 213 Million, with the

there was a record of THB 62 million gain from selling of assets of Suimei project. As a result, Power Plant Business recorded a lower EBITDA from the previous year. Q1/2018 performance compared to Q4

record Inventory Loss of THB 2,774 million [ including losses on inventories devaluation (NRV)] causing significant decline in the Refinery Business’s performance. As for the oil trading business conducted

Manufactory (Malaya) Sdn Bhd (“FKRMM”) from Consistent Record Sdn Bhd MYR which accounted for 100% of total paid-up capital of FKRMM. Payment in acquiring transaction equal to 53,000,000 MYR or equivalent to