the cost of production is manageable while we can improve the selling price. 2. Business Outlook on Q3/2017 Management’s Discussion and Analysis (MD&A) For Q2/2017 3 Executive Summary In the second

quarter. Moreover, the company has planned and started preparation to improve machineries in order to ramp up the production during the on-peak period to gain more market share and reduce production cost to

some marketing risk and to improve product quality to be accepted for international standard level. For the year 2018, it will be a challenging year for the Company to increase more export volume, sales

, the Company aims to diversify some marketing risk and to improve product quality to be accepted for international standard level. For the year 2018, it will be a challenging year for the Company to

August 14, 2019 Ref: SET-2019-010 Re: Management Discussion and Analysis for Quarter 2’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its

to the cycle of the market which lowering the demand of steel products. The Company has exported its products as according to the marketing plan in order to expand marketing strategy, improve standard

9,441 10,159 11% 7.6% 18,247 19,600 7.4% Depreciation & amortization 13,192 13,155 13,136 -0.4% -0.1% 26,562 26,291 -1.0% (Gain) loss on disposals of PPE 11 76 61 459% -20% 25 137 441% Management benefit

management from modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and improvement of feedstock procurement process including

13486, including relevant licenses 6,336 square meters 3 76 items of machinery and equipment for the manufacturing business, including relevant licenses - This is to improve the financial position and

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for