equity proportion is approximately 25 percent). The capacity expansion project is planned to begin construction in August 2018 and is expected to be completed and commence commercial operation

investors. However, the underwriter is required to purchase those shares at a later date, resulting in higher demand when share price is below initial public offering price. In contrary, higher number of

Second Quarter of 2017 WHAUP completed our 2Q2017 at record-high result with a Net Income of Baht 700.8 million, 169.4% increase from 2Q2016 and 157.2% increase from 1Q2017. Altogether, 1H2017 Net Income

2018 MD&A 5 o Avgol enhances IVL's HVA portfolio and market share in the hygiene segment and as the leading producer in Russia and India. o Kordarna (completed 30 Oct, 2018) - propels IVL to a leading

is completed. Subsequently, after the capital increase, the Company shall dispose 90,000 preference shares, with the par value of THB 10 per share, equivalent to 47.37 percent of the total shares in

) 2.06 122.62% Share of profit (loss) of associates - (13.88) (13.88) (100.00%) 7 Profit before income tax 7.63 28.97 (21.34) (73.66%) Income tax (2.24) (6.45) (4.21) (65.27%) Profit for the period 5.39

and allocating not more than 149,975,200 new ordinary shares with a par value of Baht 1 per share by the General Mandate. The Company registered the decrease in its registered capital with the Ministry

committee. The investment is expected to be completed within 2017. To invest in the newly-issued ordinary shares not more than 1,400,000 shares at 10.00 Baht per share (par value) in total not more than

by 58. 7 MB, representing an increase of 6. 5% . This is mainly because the Company has more projects that have been completed but have not yet been invoiced according to the contract. In addition, the

mainly because the Company has projects that have been completed but have not yet been invoiced according to the contract. In addition, the retention receivables also increased from the Q4–2023