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

been put in place, in order not to interfere with the retail market sales volume, the main sales channel. Constant growth can be observed in the retail sales volume from the customer base expansion

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

requirements of the CFO and chief accountant in working for the initial public offering (“IPOs”) companies and listed companies, which include qualifications, experiences and constant technical development. This

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...

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

the black line) such that area of triangle A is equivalent to that of triangle B in the chart. While Chart 2 provides an example of an office building that achieves a constant rate of performance