India and the appreciation of THB against USD together with the weaken of demand in electronics component market impact to the inventory revaluation. As a results of the above reasons, Q3’19 gross margin
51% 9.26 6.79 2.47 36% Total Revenue 381.53 409.74 -28.21 -7% 373.90 405.29 -31.39 -8% Sharing of gain (loss) from investment value of the associates 0.25 -0.37 0.62 -169% 2 plant project with
10,169 22% EBITDA Refinery Business 1/ 1,503 916 2,198 46% 140% 3,389 5,340 58% EBITDA Marketing Business 2/ 607 669 474 -22% -29% 2,531 1,999 -21% EBITDA Power Plant Business3/ 612 789 781 28% -1% 1,991
. Ltd. and Bongkot Marine Services Co., Ltd. 2/ EBITDA from Marketing Business of The Company, Bangchak Greenet Co.,Ltd., and Bangchak Retail Co., Ltd. 3/ EBITDA from Power Plant Business of BCPG Plc. and
conditions including the strong appreciation of THB/USD, which strengthened from the average rate of Baht 35.1060/USD in Q1-17 to Baht 31.5422/USD in the same period this year, and the shortage of some items
exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to
increase in the cost of goods sold, a reduction in gross margin, as well as the appreciation of the THB. This resulted in basic earnings per share of Bt0.14 for the second quarter of 2019. Total Asset Total
value measured from net assets acquired in proportionate holding on GLOW’s shares PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Operating performance by plant in Q2/2019 The company’s gross
the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
management especially from the Cogeneration power plants. Although in 2017, the Sriracha Power Plant had lower dispatch volume to Electricity Generating Authority of Thailand (EGAT) compared to 2016 due to the