. The major reason is inventories decreased and decrease in land development costs because transferred to cost of sales. And land awaiting for development transfer to land development costs. Total

meet market demand in 3Q17. Therefore, the tailwinds in volume and margins are expected to handsomely beat earnings estimates on a fully diluted basis following the exercise of W1 warrants. 3 In last

residential business of Nirvana Daii Public Company Limited (“NVD”), a 52%-owned subsidiary of Singha Estate, invested in January 2017. In spite of higher revenues, earnings before taxes (“EBT”) declined by 589

. Due to the cost of land development to be the cost of selling goods. 3 Total Liabilities As of March 31, 2019, the company and its subsidiaries’ has total liabilities of Baht 1,530.82 million, decreased

, or 12.90 percent. Financial Costs The Company and its subsidiaries' financial costs was increased Baht 3.36 million or 20.21 percent, Because of Land awaiting development and the completed project as

to transfer cost of land development to cost of sales. 3 Total Liabilities As of March 31, 2020, the company and its subsidiaries’ has total liabilities of Baht 1,490.81 million, decreased from the

, total income, free cash flow, share prices, earnings per share, amount of cash flow, amount of earning per share and number of times being listed on the turnover lists, all of which were used to test with

ที่ บช NO. AC. 04/2019 14 November 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings

Development Plc. would like to inform its financial results for the year 2019 which ended on 31 December 2019. The Company and its subsidiaries reported a net profit of THB 177.45 million or earnings per share