, compared with selling expenses of Baht 19.87 million in the same period of the previous year which decreased by Baht 5.04 million or 25.4 percent. This is because there is no obligation in current quarter to

majority of selling expense was sale personal expenses and logistic expenses. This year, the Company and its subsidiaries have no obligation to reserve doubtful debt as in the first quarter of the previous

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

1.0 Trade receivable 16,579 4.7% 16,173 4.4% Net debt to EBITDA (times) 0.7 0.8 0.8 Inventories 2,372 0.7% 3,189 0.9% Net debt & lease liability & spectrum license payable to EBITDA 2.3 2.2 2.3 Others

661 6664-5 www.indoramaventures.com ที่ IVL001/01/2020 6 มกราคม 2563 เร่ือง รายงานความคืบหน้าของการได้มาซึง่ธุรกิจ/สนิทรัพย์ที่เก่ียวเนื่องกบัการผลติออกไซด์และอนพุนัธ์แบบบรูณาการ (Integrated Oxides and

initiated. This project encourages both existing and new business operators to provide more integrated financial advice and planning (wealth advice) service to general investors with investable assets not

sale of real estate decreased by THB 498.48 million or 33.19% This is because the slowdown of real estate business sector resulted from Loan to Value regulation or “LTV”. Moreover, the household debt has

Loan to Value regulation or “LTV”. Moreover, the household debt has been steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions

become inevitable and it is difficult to get out of the vicious cycle of debt. Consumerism, on the other hand, could largely overshadowed consumers? self-restraint and eventually entices them to spend