in finished goods to meet higher demand from customers and production of bottle from our bottle manufacturing factory that started in December 2017. 4. Property, plant and equipment Property, plant and

previous quarter. In Thailand, there are industries that are affected by upstream to downstream production chains such as electrical, electronics, auto spare parts and construction industries which are

in number of branches. In addition, the cost per unit decreased due to the increased production volume (Economy of scale). • Gross Profit margin in Q3/2023 was 66.0%, increased from 64.6% in Q3/2022

addition, the cost per unit decreased due to the increased production volume (Economy of scale). • Gross Profit margin in Q4/2023 was 65.0%, increased from 62.9% in Q4/2022, and Gross Profit margin in 2023

investments in new machineries for replacements and a launch of the production automation under the scheme of Delta Smart Manufacturing. The company believes that it would be a key factor for the

from the rising in global steel price which was the raw materials of the Company’s products. However, the Company has procedures in managing cost by efficiently planning flat production, continue

increased emphasis on leadership development are the key strategic priorities for the group. 4Q19 IVL Performance Summary IVL reported 2.9 MT of production volume in 4Q19 (-8ppt. organic and +10ppt. inorganic

million Baht or 8.64%. Total water sales volume was 121.05 million Cu.M. (excluding internal usage for tap water production of 15.94 million Cu.M.), decreased by 12.25 million Cu.M., or 9.19% compared to

production and distribution of biodiesel from CPO industry, which is the inherent risk that significantly impact on the Company's performance that is the risk of fluctuation in CPO price; mostly caused by the

subsidiary (AIL) of 17.31 million Baht and allowance for doubtful accounts of 2.78 million Baht. The fluctuation of CPO price mentioned above had reflected the Company's business operation in the production