in Clause 13(1) (a) and (b); (2) In case of advertisement related to ratings or awards other than that specified in (1), the securities company shall present only information under (1)(b) 1. to 3

or awards other than those specified in (1), the securities company shall present only information under (1)(b) 1. to 3. Clause 11. In advertising the fund, the securities company shall at least have

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

periods of 2017 were 7.10 million Baht and 16.23 million Baht, decreased from the same period of the previous year by 2.33 million Baht and 4.98 million Baht respectively, due to the high price of natural

same period of the previous year by 4.79 million Baht and 9.77 million Baht respectively, due to the high price of natural rubber, which is the main raw material cost for production. The Company's

sectors, as well as the financial institutions*. With the opening speeches delivered by Mr. Thalearngsak Petchsuwan, Deputy Permanent Secretary, Ministry of Natural Resources and Environment, Mr. Ronadol

trade of natural gas. In accepting the said right, the Company or its subsidiary shall purchase the entire shares of Hemaraj in Gulf WHA MT Natural Gas Distribution Co., Ltd. (“Gulf WHA MT”), a joint

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

) 0.8 0.6 0.2 (66.7%) (75.0%) 2.2 0.8 (63.6%) Sales from Natural Gas Power Plant 657.4 734.1 664.0 (9.5%) 1.0% 1,326.0 1,398.1 5.4% Sales of electricity - FiT, base tariff and Ft 73.5 74.5 81.0 8.7% 10.2