by 10.6 Million Baht or 11.2% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 20.2 Million Baht, increased

Million Baht, decreased by 22.4 Million Baht or 15.8% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Kitchen Plus restaurant: Revenue amounts to 28.8

restaurant: Revenue amounts to 151.2 Million Baht, decreased by 41.0 Million Baht or 21.3% compared to the previous year due to comply with the policy to reduction of unprofitable stores. Furthermore, company

unprofitable business. Year 2020, our groups has encountered spread of coronavirus disease 2019 which causing slowdown in economic as effecting most businesses and industries. Management has changed their

& DeLuca business by the end of 2019 as it is undergoing a “rightsize” strategy through cost control and merging of chain operations to minimise losses from unprofitable branches Selling and administrative

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...