)  EBITDA and EBITDA margin was THB 977mn and 14.0%, respectively, surging by 578.0% or THB 833mn, largely as a result of the aforementioned reasons above and lower loss on impairment of assets  Reported net

situation as Ft charge already increased in January 2019 and more scheduled maintenance during Q4’2018 relative to Q3’2018. • EBITDA margin was lower to 25.1% in 2018 because of more scheduled maintenance

B10 in Thailand since January 2020. In 2Q2020, methyl ester demand has slightly improved in comparison with the last year. Despite, the lower transportation caused by the prevention of the spread of

TFRS 16 - Leases net against the expense in operational restructuring in order to reduce long-term expenses and the lower other revenues as mentioned above. Other Businesses reported the EBITDA of THB

of slower-than-expected growth of the Chinese economy, political risks in Europe, and the impact of tightening global financial conditions. In spite of the weaker external sector, lower average oil

and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for

Competition 1.1 Electricity industry and Economic situation in Thailand In 2017, Thailand’s peak demand was 28,578 megawatts on 4 May at 02.20 pm, lower than the peak demand of 29,619 megawatts in 2016 by 3.51

business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation

of 2016 by 10.1 percent. For the nine-month period, the Company has total revenue of 20,252.4 million baht, lower by 1.3 percent when compared to the same period in 2016. Despite the growth in number

days to less than 10 days more recently. Lower inventory levels of PTA, higher demand growth and lesser capacity addition cre- ate a positive outlook for the Asian PTA industry. IVL has seen the