the products to catch up with the accelerated demand from customers. Meanwhile, the sharp increase in sales volume was also a factor to the slight decrease in the gross profit margin. 3. Selling

101.48 million or 65.46%, which was in line with the sharp rising in revenues from sales in this period. Gross profit margin in year 2018 was 61.51%, going up by 59.98% year-on-year. The growth in year

- 2. Cost of sales and gross profit The Company’s cost of sales in Q3/2018 amounted to Baht 57.43 million, rising year-on-year by Baht 25.81 million or 81.63%, which was in line with the sharp increase

6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

Group 5/ 44 36 (81) -284% -321% 270 24 -91% Others 6/ (76) (72) (61) (113) (190) Profit attributable to owners of the Company 1,060 1,007 1,856 75% 84% 4,137 4,009 -3% Basic earnings per share (Baht) 0.77

Net Profit Margin (%) 2.17 2.34 2.02 Current Ratio (Times) 1.33 1.34 1.33 Debt to Equity Ratio (Times) 2.27 2.16 2.26 Book Value per Share (Baht) 2.11 2.16 2.16 Net Profit per Share (Baht) 0.40 0.46

quarter of 2019 per following table: (THB) Million 2Q19 2Q18 6M19 6M18 Total Revenues 128.99 126.04 261.75 268.92 Total Expenses (129.26) (112.28) (251.78) (244.51) Share of profit (loss) (13.32) 4.59 (6.37

company’s market share in terms of retail sales volume remains in the second place and continues to grow. The company was able to increase its retail sales volume for motor fuel by 7.0% YoY, while the total

the palm plantation farmers. The Company retained its market share in terms of retail sales volume at the second place. The cumulative market share between January – March 2019 was at 15.6%. There was

) (223) (1,401) HRC Sales (k tons) 260 377 HRC Production Volume (k tons) 306 363 HRC Average Selling Price (Bht/Ton) 19,940 20,709 Unit : million Baht 30-Jun-19 31-Dec-18 Total Assets 29,683 30,632 Total