compared to a net profit of 18.45 million baht, is due to the following reasons: 1. The ailing economic condition especially in the automotive industry, in addition to a change in the company’s strategy to

with faltering heavy sour crude export from Venezuela after the country had been sanctioned by the US. Thus lowering fuel oil exports to Singapore. Management Discussion and Analysis of Business

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

percent and 9.51 percent, compared to year-end 2019 and the same period of last year, respectively. Looking ahead into the remainder of 2020, the struggling economic environment, crippled by the COVID-19