BCP’s Profit Decline to ฿213M., Suffering from Higher SG&A Expenses

Bangchak Corporation Public Company Limited (BCP) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BCP recorded a net profit of THB 213 million in the first quarter of 2019, decreased 81.68% YoY. Selling, general and administrative expenses was recorded at THB 1,721 million, an increase of 4% YoY, the increment was due in large to the depreciation and amortization cost, which rose in accordance with expansion of service station and Non-oil branches. As well as personnel expenses that rose. However when compared against Q4/2018, the selling, general and administrative expense declined by 20% since Q4 appears to be the quarter of highest disbursement.