baht increased 608 million baht or 12% y-y and 6% q-q. This is the result of continued growth in core business revenues especially in credit card increased by 17% y-y, which in line with increasing of

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary  Total revenue from core business was Bt3,339mn

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

million baht, an increase of 191 million baht or 28% y-y and earning per share was 3.45 baht. The net profit in the second quarter of 2018 increased mainly from an increase in core business revenues by 13

Company's core businesses, especially the credit card income which having 18.2% growth y-y. Hence, the growth of revenue, especially credit cards, was mainly derived from marketing activities to stimulate

impairment of intangible assets - - 16.87 28.57 Loss from impairment finance costs and share of loss from associates 29.81 216.80 - - Doubtful Account 88.24 641.75 - - Loss from impairment of goodwill 51.20

greater market share. KASIKORN ASSET MANAGEMENT CO., LTD. remained at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall

of sales, which is the Company's core expense, increased by Baht 50.60 million from Baht 566.76 million in Quarter 2/2016 to Baht 617.36 million in this year or an increase of 8.93% due to fluctuations

water, wastewater treatment and hydrogen and supplies its utilities to the Artlant PTA plant. PTA is a core strategic business of IVL and we are confident that over time the Portugal PTA plant will