remained constant yoy even though Baht currency continued appreciation. • Hotel Management Revenue from hotel management business reported Baht 100 million in 3Q19, increased by 58.8% yoy and Baht 280
revenue remained constant yoy even though Baht currency continued appreciation. Hotel Management Revenue from hotel management business reported Baht 100 million in 3Q19, increased by 58.8% yoy and Baht
stated, is in accordance with the investment policies of the Company is allowing the Company to invest in several subsidiaries and associated companies to advocate the Company in providing various
recommendations in the Principles will apply but others may be less relevant. We also acknowledge different investment strategies, for example as employed by passive or active funds, and advocate that shareholders
total revenue of 6,870.8 million baht, increased by 2.6 percent from the same period of the previous year. This was largely due to a constant growth in airport-related businesses by 14.0 percent from a
28,493.3 million baht, increased by 6.5 percent from the same period of the year 2016. This was largely due to a constant growth in airport-related businesses by 12.6 percent from a rising number of flights
of 1,990.8 million baht, together with dividend received from investment. Besides, the increasing of revenue was from a constant growth by 6.6 percent in airport-related businesses. Nevertheless, the
increased by Baht 37 million or 2% due to higher electricity and steam sales price, which was in line with the increase in natural gas prices. However, the rise in natural gas prices with constant Ft rate
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...