earnings on a YoY basis both in 4Q19 and 2019, driven mainly by a negative EBITDA contribution from IPA. This is in line with industry spreads, which were at an all-time low. IVL has launched a turnaround

in Asia. Overall Sales have increased despite lockdown in various countries with COVID19 reinforcing essentials nature of our business. Lower oil prices have led to an improvement in earnings of our

EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from operation (after

%. Net debt to EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from

economy in the long run. Dr. Jitipol Puksamatanan, researcher, Faculty of Business Administration, NIDA said that the result of study illustrated differences in risks and returns based on CG levels of

EBITDA (excluding lease liabilities and license payable) was 0.8x. Total equity was Bt75,737mn, decreasing - 7.4% due to a decrease in retained earnings appropriated for the dividend. Cash flow In 1Q22

) remained healthy at 0.7x. Total equity was at Bt79,967mn, which decreased -6.8% due to a decrease in retained earnings appropriated for the dividend. Cash flow In 1Q23, cash flow from operation (after tax

was at Bt87,183mn, increased 1.6% from higher retained earnings. Cash flow In 1H23, cash flow from operation (after tax) reported at Bt37,904mn, increased by 4.7% compared to 1H22 following an

liabilities and license payable) was at 2.5x decrease from 2.9x in FY23 due to improving EBITDA and lower debt. Total equity was at Bt85,388mn, decreasing by -5.8% due to a decrease in retained earnings

policies. As a result, part of returns on investment was spent on corporate social responsibility activities. Quality Assessment of the Annual General Meeting of Shareholders Thai Investors Association has