rate at the end of the period. 7. Losses from foreign exchange in the amount of THB 39 million, due to the Thai Baht depreciating which led to losses on loans and foreign currency trade payables, however
on Foreign Exchange recorded at THB 172 million, due to the Thai Baht appreciating against the US Dollar which led to gain on exchange rate conversion of foreign currency loan. 7. In Q1/2018, there was
Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business 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 & Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Product...
improvement on clearer signs of global economic recovery and progress in the government’s megaprojects. KBank was therefore able to manage our credit and asset quality in line with the set targets despite Thai
twenty years or more to be entitled to severance valued at 400 days’ worth of their final wage rate from 300 days. 5. Gains from foreign exchange was THB 614 million due to the appreciation of Thai Baht
cost rose from the average Dated Brent/Dubai (DTD/DB) spread which increased by 58% from the previous year, and Thai Baht depreciated by 4.7%, compared to 2017. In 2018, the refinery business recorded
barrels per day in 2017 and to 10 million barrels per day in 2018, which will exceed previous record high at 9.6 MBD that was set in 1970. The average spread between the Dated Brent and Dubai in 2017
significance. The occurrence of the outbreak has affected the global economy, including the Thai economy which is poised likely to experience a recession within this year. Due to the COVID-19 outbreak affecting
was THB 168 million from the appreciation of Thai Baht in comparison to other foreign currencies, leading to most gains being generated from conversions of loans and account payables in foreign
$/BBL, a decline of 19.69 $/BBL, or a decline approaching of almost 40% from the previous quarter. This has affected the performance of the refinery business. Moreover, the Thai economy, especially