million, decreased by 123.5% YoY. This decrease was driven by the temporary closure of Hotels and the employee benefit expense from an organizational restructuring. However, the Company had the positive

(27,835) - (27,835) 100 Gross Profit 48,521 32,045 16,476 192 Other Income 5,417 2,724 2,693 99 Profit before Expense 53,938 34,769 19,169 55.13 Sale Expense (5,681) (3,186) (2,495) 78.31 Administrative

Plant Project in the Republic of Indonesia On March 20, 2019, PT Medco Ratch Power Riau, an indirect joint venture that the Company held 49 percent stake through RH International (Singapore) Corporation

corporate income tax expense in the amount of THB 136 million. Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 5 Statement of Income Consolidated Statement of

4 million, increased by 160.2% yoy as a result of an increased in interest expense. Loss sharing from investment for the year 2019 was Baht 15 million, in line with the loss sharing for the year 2018

) Financial costs (0.14) (0.34) (0.68) (111.47) Share of loss of joint venture (107.17) (261.90) (89.50) (14,672.13) Total expense (285.27) (697.14) (433.67) (71,093.44) Loss prior to income tax (272.97

promotional expense of beverage business. Administrative Expenses Administrative expenses of Q3’2018 was Baht 514 million, decreased by Baht 16 million or 3.0% from Q3’2017, mainly from reduction of personal

palm oil price continuously declining, the business recorded an Inventory Loss of THB 80 million. Further, the Selling, General and Administrative expense increased from the same period of the previous

million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing

Berkprai Sub-district, Ban Pong District, Ratchaburi Province, operated by Berkprai Cogeneration Company Limited (an indirect joint venture which the Company held 35 percent stake through Ratchaburi