: Million THB Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies, salary of production unit’s staff, depreciations, kitchen

business which increased from 43.5% last year, resulting from change in product mix between industrial/processing water and raw water. Share of Profit from Investments in Associates from Power Business

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining

Oil price; Crude Palm Oil stock remains high. Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 16 3. Gross profit adjusted upward from raw material cost

Portugal) and higher cost of raw materials.  Profit after tax and NCI of $819 million, up 33% YoY.  TRIS Rating (an S&P partner) upgrade IVL to AA- from its earlier rating of A+. Indorama Ventures 2018 MD

production after TAM, and KSL Green Innovatioin Plc. recorded an increase in total sales. However, ethanol business gross profit was affected by the raw material cost, such as the rising molasses price and

prepared the production of B100 to follow the new standard of Monoglyceride content not exceeding 0.4%. Together with ability to efficiently manage raw material cost, gross profit was improved from the

of sales was due to higher raw material prices as the cost of increased cultivating sweet corn, which is the main raw materia and inclement weather causing a shortage of sweet corn. Profit (Loss) Net

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

a decrease of 6.78% when compared to the previous quarter and decrease 6.19% when compared to the same period of last year. Due to fluctuated situation of raw material price which effected to our