, decreasing by 8% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total revenues. Considering the Company’s separate financial statement, the

. However, the Company still maintained effective operating cost control with cost to income ratio at 38% of total revenues. Considering the Company’s separate financial statement, the operating and

cost to income ratio at 37% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues was 35%. - Expected Credit

, Lda. Registered Country: Portugal Nature of Business: Manufacturing of PTA Registered Capital: Euros 10,000.00 (equivalent to Baht 387,121.00) Percentage of Investment: 100% by Indorama Netherlands B.V

and Service 2,425.0 96.4 2,852.6 96.2 Franchise Fees Income 56.5 2.2 69.6 2.3 Other Income 33.7 1.3 42.5 1.4 Total Revenue 2,515.2 100.0 2,964.7 100.0 Remark: (1) Percentage of Total Revenue For the

from Sales and Service 697.6 97.4% 710.0 97.2% Franchise Fees Income 13.0 1.8% 14.1 1.9% Other Income 5.4 0.7% 6.3 0.9% Total Revenue 716.0 100.0% 730.5 100.0% Remark: (1) Percentage of Total Revenue For

39.80 Million Baht, or or 10.63%. The main reason of revenue growth resulted from revenue recognition by percentage of completion of projects which were hired on 2017 – 2018. Since 1st January 2019, the

31 March 2020 Ratio 2019 Ratio Increase / (Decrease) Amount % Service revenue 646.34 100% 480.92 100% 165.42 34.40 Cost of service 531.42 82.22% 404.10 84.03% 127.32 31.51 Gross profit 114.91 17.78

reserve 90.97 14.65 68.15 132.25 32.89 240.41 Percentage of total capacity 78% 68% 86% 81% 82% 97% Average (2004-2016) 63.25 12.93 55.35 133.07 29.86 209.05 Above/(below) average (2004-2016) 27.72 1.72

hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19 remained stable at 4.1% from the end of 2018. On Special Asset