Thailand’s overall economic growth accelerated, the benefits of growth were not distributed equally among sectors. Consequently, commercial banks were limited in their ability to increase their lending. At the

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

field of waste management. 7. Expected Benefits to the Listed Company from the Transaction The objective of the Investment Disposal Transaction is to cope with the unexpectedly negative impact of SUTG's

of expanding to the construction field of waste management. 7. Expected Benefits to the Listed Company from the Transaction The objective of the Investment Disposal Transaction is to cope with the

of expanding to the construction field of waste management. 7. Expected Benefits to the Listed Company from the Transaction The objective of the Investment Disposal Transaction is to cope with the

of expanding to the construction field of waste management. 7. Expected Benefits to the Listed Company from the Transaction The objective of the Investment Disposal Transaction is to cope with the

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery & Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products...

10% of corporate income tax), and Sriracha Power Plant has fully utilized BOI benefits for tax exemption of 100% in 2017. ผลประกอบ การบริษัท Management Discussion & Analysis Management Discussion

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation for 2Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 06 Statement of Income 08 Business Performance 08 Refinery & Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Bus...

declined by Baht 32 million or 40% from the utilization of BOI benefits of IRPC-CP for tax exemption due to the full operation in November 2017, resulting in lower effective tax rate in Q3/2018. ผลประกอบ การ