supported by an increase in capacity from the investment in Phase 3 at the new plant, and the appreciation of the Baht. Cost of Sales and Gross Profit The profit margin increased slightly Q-o-Q, but dropped Y

amount 9.8 MB or 3.0 percent with the gross profit margin of 34.6 percent (35.0 percent in the year 2018). The decrease of gross profit was the result of the appreciation of the BAHT against the Foreign

in Q3/ 2018) . The increase of gross profit was the result of the appreciation of the BAHT against the Dollars, causing the decrease in imported raw material prices.  Selling Expenses The Company and

Huvis Global Corporation, South Korea on June 18, 2018 to form a 50:50 joint venture limited liability company in USA, by the name of Huvis Indorama Advanced Materials, LLC. (“HIAM”). HIAM will

entered into a Joint Venture Agreement with Toyobo Co., Ltd. (“Toyobo”), Japan, on October 23, 2020 to form a 50:50 joint venture limited liability company in Thailand (the “JV”). The JV plans to build a

has to be maintained to ensure continuity of business operations.To cover potential liability risks arising from professional negligence, asset management companies are required to maintain

companies with an increase in property, plant and equipment by 10.35 million bath due to the investment in machinery of new production lines. 2. Total liability, the company had total liability as of December

Asset 2.14 0.5% 3.01 1.4% 0.87 40.7% Non-Current asset 587.39 47.9% 635.36 49.3% 47.97 8.2% Total Asset 1,225.98 100.0% 1,276.51 100.0% 50.53 4.1% Liability Current liability 77.35 6.3% 85.75 7.6% 8.40

million and increase in property, plant and equipment by Baht 15.99 million, due to the investment in machinery of new production lines. 2. Total liability, the company had total liability as at September

. The Company’s revenue was also affected by the appreciation of exchange rate of 4% from an average of 31.62 per 1 Dollar in quarter 1 2019 to 30.34 per 1 Dollar in quarter 1 2020. Nevertheless, the