the Company was 31.8% mostly as a result of higher raw material costs (particularly cullet) and natural gas price, higher listing fees from the new product launches in both beverage and personal care

FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based

measure. As aforementioned and unable to suppression of COVID-19 spreading soon, fatty alcohols market’s purchasing power has been declining. On the supply side, Indonesia and Malaysia, the major producers

robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain

receivables of THB 43.28 million, due to the increase in prepayment for raw materials and machineries. Increase in financial assets of THB 506.09 million from investment in fixed deposit at financial

revenue from RDF power plant also decreased due to the proportion of raw material cost exceeding the revenue. However, revenue from selling electricity of Ichinoseki Solar Power 1 GK (ISP-1) increased by

sales volume of 3.55 percent and decrease in raw material cost, gas expense and repairs and maintenance expense but there were increases in salary and benefits of the employees. Cost of services was Baht

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

% from Q3/2019 and 38% from 9M/2019, respectively. • The decrease in operating revenue was mainly from the fall in purchasing power of domestic consumers as a result of the economic downturn and the

and 36% from 2019, respectively. • The decrease in operating revenue was mainly from the fall in revenue from in-store sales and the decrease in purchasing power of domestic consumers as a result of the