was 1.1x while interest coverage ratio stood at 13x. Cash flow In 1H19, operating cash flow was Bt38,000mn increasing 10% YoY from EBITDA expansion and a settlement in international roaming charges. The

equipment.  Network OPEX & TOT partnership cost (net of revenue) was Bt4,821mn, decreasing -8.2%YoY, from lower rental after TOT dispute settlement, but increasing +6.2%QoQ from network expansion.  Other

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for

琀椀漀渀 䌀⬎䤎ᨎ⌎㐎⤎ㄎᜎࠎㄎᐎĎ㈎⌎Ў㐎ᐎ‎挀漀洀瀀愀渀礀 氀椀洀椀琀숀 ใน underlying obligation เสมือนไม่มีการเข้าทำสัญญาเครดิตอนุพันธ์ และคิด company limit ของผู้ขายประกันความเสี่ยงเท่ากับส่วนที่เพิ่มขึ้นของราคาตลาดของสัญญาเครดิต

.  Network OPEX & TOT partnership cost (net of revenue) was Bt4,538mn, decreasing -12% YoY, -4.1%QoQ from lower rent after TOT dispute settlement in 3Q19 and lower network OPEX QoQ due to certain seasonal

.  Network OPEX & TOT partnership cost (net of revenue) was Bt4,538mn, decreasing -12% YoY, -4.1%QoQ from lower rent after TOT dispute settlement in 3Q19 and lower network OPEX QoQ due to certain seasonal

procedures for settlement of disputes by arbitration to be able to accommodate disputes relating to securities and derivatives contracts to ensure that the arbitral process organized by the Office is

Act B.E. 2546 (2003) in addition to the arbitral process under the Securities and Exchange Act B.E. 2535 (1992), it is deemed necessary to improve the processes and procedures for settlement of disputes

(2003) in addition to the arbitral process under the Securities and Exchange Act B.E. 2535 (1992), it is deemed necessary to improve the processes and procedures for settlement of disputes by arbitration

.  Admin & other expenses were Bt17,782mn, decreasing -11%YoY from cost control and one-time expenses of legal severance pay and TOT dispute settlement recognized in FY19. Net FX loss was Bt2mn, compared to