the sale of radio and communications equipment estimated at 27 million baht revenue from the sale of electricity to about 13 million baht and adjusted revenue from water quality improvement of 9 million

revenue increase. As a result, gross margin improved to 33% in this quarter from 28% yoy. This improvement was contributed by the increase of social security payment rate and more revenue contribution from

amount of 16.3 million baht The company has achieved the goal for profit margin improvement due to how the company expand the client base and distribute online and offline for client’s convenience and

-use assets due to TFRS 16 adoption as at January 1, 2020. (Unit: Thousand Baht) Consolidated FS Separated FS Property and land improvement 39,331 38,977 Buildings and building improvement 62,581 37,583

volume declined due to planned shutdown maintenance. Natural Resources Business, reported performance improvement after realizing increased share of profit from investments made in the associated company

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...

loss on impairment of general investment of Baht 51.36 million and loss on impairment of investment in associate of Baht 200.79 million. Progress of major debtors which is in the process of court trial

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

23.36 percent compared to the same period in last year. The progress of receiving debt repayment from Media Agency Thai Co., Ltd. All indebtedness and liabilities of Media Agency Thai Co., Ltd. (“MAT

postpaid segment, which in turn led to an improvement in data monetization. For the prepaid segment, market environment escalated in the quarter. Since Jul-19, all operators offered aggressive data plans e.g