to a 20% reduction in IVL’s core EBITDA. Operating cash flow through this period increased by 33% to $1.3B, as a result of lower prices and operational excellence. IVL has proposed a dividend of

reduction such as greater productivity, optimizing human resources • Installing Solar Rooftop to promote green environment and optimize utilities. The first project is in Phra Nakorn Sri Ayutthaya outlet and

increase in the coming Q2-3/2020. The subsidiary in the Philippines is affected by the relocation of production base of its main customer back to Thailand, resulting in a huge reduction in revenue. By the

the first quarter of year 2016 and the reduction in patients in this period. For the 2nd quarter of 2016 and 2017, the Company generated the total revenues from hospital operations in amounts of Baht

level. In addition, there was an increase of reduction cost of inventory to net realizable value amounting of Baht 3.0 million in Q2/2017, whereas there was no such transaction in Q2/2016. The interest

factory at Amata City. However, the gross profit margin in 2Q17 increased comparing to gross profit margin of 27.25% in 1Q17. The increase in gross profit margin was mainly attributed to a reduction of

reduction in gross profit due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 cause a lower demand of steel consumption. • Selling expenses Consolidated

reduction cost of inventory to net realizable value amounting of Baht 2.0 million in Q3/2017, whereas there was an increase of Baht 1.5 million in Q3/2016. The interest expenses in Q3/2017 was Baht 3.4

255.2 2.8% The mainly factor of the increase in sales revenue of the product category DAIWA which was an increase in sales due to price reduction promotion campaign for the dealer group. Other income 9.7

amounting Baht 1.0 million. In addition, there was an increase of reduction cost of inventory to net realizable value amounting of Baht 1.0 million in 2017, whereas there was no such transaction in 2016. The