, 2017 to THB 75.27 million from the three months period ended March 31,2018. This was mainly due to the deferred product delivery from the package adjustment to match with the requirements of China Food
2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5
distribution to boost the ratio of regular income and match the needs of the customers who would like to have a home but have not made a decision to buy one. The emphasis has been put on university students
strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7
to match customers’ need, to draw customers’ attention and to draw traffic. 2. Cost of goods sold and gross profit 3Q19 and 9M19 gross profits represented 46.47% and 43.93%, respectively. Gross profits
of software to apply the same standard of AEON Group. The aforementioned software is a Credit Card system which is developed by ACSM. Value of consideration: Unit: Baht *Exchange rate as of January 3
) Inc. (“AEON Systems”) provides the system development to the AEON Financial Service Group and has been successful in implementing the Hire Purchase and Credit Card system as well as USD Based Loan
in such a way to improve overall performance. On revenues side the Company is on process of working together with leading telecommunication operator to expand SIM card distribution and other services
the suppliers and credit card/ E-wallet service providers such as “Dolfin” were launched in order to stimulate sales as well as special privilege for The1 card member. The Company had also implemented
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