environment and stable competition along with the strategy to focus on quality customers, value uplifting through cross-sells and upsells, and increased tourist-related usages. However, it softened minimally

the record of the FX gain of 151 million Baht, the record of the OFC rental fees (20% according to the Rental Assurance Agreement) that increased as a result of the additional sales of assets to JASIF

manufacture and 3rd party’s products for distribution prove their successfulness in generating incremental sales and gross profits to the Group, creating stable income sources with growth potential and

consumer goods and alcohol beverage generated incremental sales and gross profit. Gross profit from these two categories amounted to THB 210 million up by THB 142 million compensating the performance of

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...