domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore
subsidiaries as discontinued operations for the years prior to the year in which these subsidiaries were sold. (6) Adjustment to earnings are Net gain(loss) on foreign exchange, Impairment gain(loss), Gain(loss
expenses 42.73 79.69 (36.96) (46.38) 104.01 147.50 (43.49) (29.49) Administrative expenses 32.34 45.05 (12.71) (28.22) 65.37 88.52 (23.15) (26.15) Earnings before interest and taxes (EBIT) (6.69) 7.28 (13.97
61.27 67.82 (6.55) (9.66) Administrative expenses 33.04 43.47 (10.43) (24.00) Earnings before interest and taxes (EBIT) 10.97 (2.70) 13.67 (506.71) Financial costs 2.77 1.09 1.69 155.39 Income tax
remaining two segments, Integrated Oxides & Derivatives and Specialty Chemicals are expected to resume their earnings from unplanned shutdowns, except IPA which we believe will recover over the next 12-18
operations of the Group The Group has principally engaged in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system; including operate
6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings
decline in farm income both in terms of agricultural prices and production. Private investment also expanded by investment in machinery and equipment in line with the import of capital goods which partly
equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure
) (17.72%) Investment properties 22.05 22.28 (0.23) (1.03%) Property, plant and equipment 551.36 564.97 (13.61) (2.41%) Goodwill 19.38 19.38 - 0.00% Intangible assets 14.22 13.68 0.54 3.95% Deferred income