consolidated SG&A expenses in 2017 equaled to THB 1,316.20 million, increased by THB 73.56 million or 5.92% up from 2016. The Consolidated SG&A expenses increased from higher freight cost as reflect from higher
214 million, an increase of THB 13 million or 6.3%, mainly due to a rise in freight expenses in relation to export sales. Administrative expenses were THB 191 million, decreased by THB 1 million or 0.5
cycle. On the journey to achieve this, IVL is committed to: Cost transformation via the Olympus program, leading to $350M run-rate savings by 2023 Asset full potential with strong revenue and margin
Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 1 Executive Summary 2019 marked our first year in the second phase of the Company’s 9-year strategic journey (2019
focused on its financial objective to double EBITDA by 2023 in a disciplined manner by utilizing its current balance sheet and future operating cash flows. On the journey to achieve this, IVL is committed
decile total shareholder returns (TSR) position vs. peers and a strong cash flow through the cycle. As presented at our Capital Markets days in Feb 2020, On the journey to achieve above objectives, IVL is
the cost to serve. We have embarked on a multi-year journey of IT transformation to enhance our time-to-market and simplify internal operational processes, as well as implemented autonomous network to
profitability amid the challenging cost environment. AIS will continue the journey to enhance the autonomous network and improve IT processes & systems to unlock higher efficiency and productivity of our