Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of Business Operation For the year ended 31st December, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http://quotesgram.com/green-backgrounds-with-quotes/&bvm=bv.152174688,d.c2I&psig=AFQjCNHfu2LjFbO_WhPIgFLat0wGu3Y2zg...

acquisition and construction of staff house for employees of Phuket Fantasea Company Limited. The overall construction progress of Carnival Magic Project is going according to the plan despite the setbacks from

from operation improved. Increasing the company’s liquidity, allowing the business to progress continuously. Other important events in this quarter: • The company, in association with Krung Thai Bank

surged in sectors with high capacity utilization rates, such as the automotive and petrochemical sectors. On the other hand, progress in public infrastructure project construction remained gradual

Debts with fixed interest % 49% 58% Credit Rating by TRIS AA- A+ 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given Figure 2

. Nevertheless, merchandise exports are expected to improve on the back of a modest global trade recovery due to recent progress in the US-China trade negotiations. World trade volume growth is forecast to improve

) while the value of scheduled infrastructure investment in the 2018 fiscal year (under the Transport Ministry’s 2016-2018 action plans) amounted to Baht 150 billion. The progress of the government’s

million, 2.) sales equipment, and office equipment at THB 551 million, 3.) power plant work in progress at THB 853 million, 4.) business acquisition in Lom Ligor of BCPG Plc. at THB 174 million. 5.) with

primarily in 1.) land of THB 162 million. 2. ) refinery machinery of THB 3,319 million, 3. ) sales equipment, and office equipment at THB 1,303 million, 4. ) power plant work in progress at THB 1,365 million

progress of construction of the ERU Project, with the details being as follows: - The first instalment of approximately USD 14 million, equal to 2 percent of the Initial Purchase Price, shall be payable in