sector contracted sharply due to international travel restrictions. Therefore, the Thai economic recovery would take time to return to pre-pandemic levels. The first nine months was a challenging period

of 2020 has increased from in the 2nd quarter of 2019 by 3.35%. Although, the Company has received the increased orders but the price of crude palm oil prices fell sharply during March - June 2020

, sharply increasing 15% from higher cash outstanding and handset inventories. Total non-current assets were Bt314,766mn decreasing -1.8% due to the amortization of spectrum licenses, PPE, and lower right-of

-Based Products Business, by the Biodiesel Production and Distribution Business saw its performance declined 69% QoQ, mainly from the B100 product price that decreased sharply from the previous quarter. In

pushing biodiesel B10 to be the mandatory diesel in 2020 that lead to sharply rise in crude palm oil ( CPO) and crude palm kernel oil (CPKO) prices at the end of 2019. Since early 2019, the stock of crude

sectors. Tourism was heavily affected by airspace and border closures, while merchandise exports fell sharply as demand from major trading partners fell, impacting both manufacturing production and domestic

which dropped sharply during the end of the year, and Fuel oil/Dubai (FO/DB) crack spread, decreased by 5.40 7.59 5.94 6.38 7.10 0.13 (0.21) (0.40) 0.25 (0.27) 3.22 0.66 (7.25) 0.60 (1.23) 111.64 118.82

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...

finished product and reference crude price crack spread sharply adjusting downward. However, (Restate) Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 7 this

capital market as well as the decline in the price of the global oil market and the recession in the United States, the overall Thai economy was affected. Agricultural prices dropped sharply; causing