and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and also improvement of feedstock procurement process including sourcing new types of
robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain
and were conducted in accordance with auditing standards. Although some audit firms were still in the improvement process for their quality control system, especially on the elements of engagement
management from modification and mixing of fuel material to improve combustion resulting in better heat rate and lower fuel consumption per unit and improvement of feedstock procurement process including
integration and management of Long-Term Service Agreements (LTSA) to achieve highest efficiency and reduce operating costs. In addition, the Company is also focusing on (i) improvement of procurement process
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...
operating costs. In addition, the Company is also focusing on (i) improvement of procurement process via active and inventory cost control in order to achieve economies or scales; and (ii) other cost
improvement. Compared to the prior quarter, the figures edged higher in line with increased brokerage fees from securities business, bancassurance fees and management fees. NPLs to total loans edged up slightly
credit approval process improvement to manage risk level under defined risk appetite. Aside from the above practices, we realize the importance of Corporate Social Responsibility practices in our credit
verification of income and liability information of each customer. KBank has also focused efforts on credit approval process improvement, while ensuring risk levels under a defined risk appetite. Aside from the