; (2) a contract in which a party receives payment from or is obliged to make payment to the other party in the amount equivalent to that calculated from the difference between the price or value of

price specified in the contract; (2) a contract in which a party receives payment from or is obliged to make payment to the other party in the amount equivalent to that calculated from the difference

25 September 28 November PAGE 5 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Certifications and Awards from Government Agency On August 23, 2019, The Company has received an award as a role model of

government of Indonesia reversed a ban on its export, causing higher output in the world market, as a result, the palm oil prices slumped. Whereas the raw material price in the 3 rd quarter of 2022 was in

cost rate is increasing accordingly. However, in late May, the government of Indonesia reversed a ban on its export, causing higher output in the world market and fear of recessions, as a result, the

revenue from sales and services for 3-month period amounting to 127.06 MB. And it is expected that measurement to support the earners with lower income of the Government as well as the Cabinet’s approval

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

compared to the year 2016. This is because the stimulus policy from the government in relation to telecommunication industry has given a positive impact towards the Company in being awarded by many new

been given an order to rectify its impaired financial condition by way of capital decrease and subsequent capital increase with an assistance from a government agency or a state-owned financial

way of capital decrease and subsequent capital increase with an assistance from a government agency or a state-owned financial institution; (14) Performing work in a dishonest manner; (15) Intentionally