% QoQ. The decrease was mainly due to selling and marketing expenses, personnel expenses, and rental in term of TFRS 16. Moreover, the Company efficiently controlled and managed expenses of existing

performance. The backlog was around 10% of the total sales that lead to less risk under cost fluctuations. The Company has also managed the risk for exchange rate by forward contract. Please be informed

utilities. The Company efficiently controlled and managed expenses of existing outlets indicated in decreasing such expenses by 4% YoY in spite of higher marketing expenses to build brand awareness. Selling

cost of 523 million baht, a decrease of 29 million baht or 5% from the same period last year. Key factors were well-managed funding cost and lower interest rate. However, finance cost in the first

_____________________________________________________ ________________________________________________________________________ 16) Number of years the CIS Operator has managed funds : _________________ Total assets under management (latest available

specify _____________________________________________________ ________________________________________________________________________ 16) Number of years the CIS Operator has managed funds

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...

period of last year, due to additional administrative expenses from expanding in 2nd production line was done in the end of 3 th quarter, lead to decreasing in administrative expenses. Financial cost on

burdens on people. By doing so, methods used must be done with speed, transparency, low costs with participation of all related parties.    ** A preferential public offering (PPO) is a general offering of

living or occupations will be abolished or revised to lessen burden on people. By doing so, methods used must be done with speed, transparency, low costs with participation of all related parties