assets of the Company and its subsidiary decreased by Baht 29.05 million or 1.00% compared with last year, mostly due to a decrease in cash and cash equivalents of Baht 59.68 million resulting from

: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

Baht 41.50 million, which most of it was the decrease in cash and cash equivalents to pay dividends during the year of Baht 45.93 million. As of 30 September 2019, the total liabilities of consolidated

4.4 MB as a result of the increase in cash and cash equivalents by 7.0 MB, the decrease of trade and other receivables by 44. 1 MB, increase in inventory by 1. 3 MB and increase in other current assets

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

, the sale of gravure packaging of rice industry also reduces. The company have a trends to solve the problem by trying to increase the order from Pet food industry instead. On the contrary, sales of

million or 18.80%, as a result of the company increased revenue from flexible packaging product. For other income, the company had other income for Q3/2018 ended September 30, 2018 of Baht 1.86 million

%, which resulted from the company had increase the revenue from flexible packaging. Other income for Q1, 2019 are 1.69 million baht compare to 0.82 million bath last year, with 0.87 million baht or 106.10

value add businesses of Recycling and Packaging continued to see strong demand this quarter and expected to continue through the year. The push in circularity coming from consumers, our customers as well

selling expenses from new packaging launch for some branded product; 6) higher administrative expenses from higher personnel expenses; 7) higher R&D expenses; 8) higher finance costs due to higher