Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of Business Operation For the year ended 31st December, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http://quotesgram.com/green-backgrounds-with-quotes/&bvm=bv.152174688,d.c2I&psig=AFQjCNHfu2LjFbO_WhPIgFLat0wGu3Y2zg...

pressuring net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to

. Due to the leather business group has continuously improved the production process to reduce production costs and the energy business group has improved the work processes of setting up machinery and

to the company's sales began to increase during the past December. 2. Cost of sales to revenue ratio increased by 5.01% (from 87.47% in 2021 to 92.48% in 2022) due to the raw materials price increased

decreased from the end of 2018 equal to 437.5 million Baht or 29.9 percent. Since the Company repaid the loan for financial institution, causing the Company having the debt to equity ratio equal to 0.80 times

financial cost of 11.47 million Baht, increase by 0.22 million Baht or an increase of 1.96% from the previous year. As of 30th Sep 2019, the Company had a Debt to Equity ratio of 1.65 times, an Interest

see the improvement of DE and Current ratio. However, the Balance Sheet restructuring is subject to the coming EGM which will be held on 30 August 2017. Apart from the improvement of Balance Sheet, the

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

Debt to equity(x) 0.3 0.5 0.3 Interest bearing debt to equity(x) 0.2 0.3 0.2 Interest bearing debt to EBITDA(เทา่) 2.3 1.9 2.1 Notes : Current Ratio(Times) = Current assets divided by current liabilities

Weighted average financing cost at the end of 2Q19 stood at 3.20% Net debt to equity ratio stood at 0.47x Capital Structure As of June 30, 2019, CPN reported total interest-bearing debt of THB 37,545 mn, an