) 47.78 (229.65) (480.64) Expense tax (0.94) (13.42) 12.48 (93.00) Net profit (loss) (182.81) 34.36 (217.17) (632.04) Gross Profit Margin 14.62% 49.40% Earnings before interest and taxes -46.48% 18.06

the time of this report, there is a total of Baht 2,270 million in property sales revenue which will be recognized in the future barring any cancellations. • Other income increased by Baht 108 million

6,640 million, increased by Baht 649 million or 10.8% from September 30, 2018, due to increase in retained earnings as a result of additional net profit partly offset by dividend payment. Sincerely yours

Table 6 IVL Consolidated Statement of Income ($ Million) 13 Table 7 Calculation of Core EBITDA ($ Million) 14 Table 8 Calculation of Core net profit ($ Million) 14 Table 9 IVL Consolidated Statement of

40 percent of the profit for the year of net profit according to the separate financial statements after deduction of corporate income tax and after deduction of various reserves (with additional

% Operating profit 10,731 10,063 10,103 -5.9% 0.4% 21,610 20,165 -6.7% Net foreign exchange gain (loss) 106 84 252 137% 200% (23) 336 -1569% Other income (expense) 76 221 107 41% -51% 324 328 1.2% Finance cost

21.66 12.88% EBIT 74.01 160.8 -53.97% Net Profit 63.05 130.46 -51.67% Basic Earnings per Share (Baht) 0.32 0.65 -50.77% Thus, the gross profit margin was at 11.70%. After deducted the financial cost and

-2.2% 8,921 Operating profit 9,815 9,478 -3.4% 19,294 Net foreign exchange gain (loss) -430 350 -181% -81 Other income (expense) 271.45 128.72 -53% 400 Finance cost 1,564 1,546 -1.2% 3,110 Income tax

dated February 23, 2019 approved the Company’s Financial Statement ending December 31, 2018. The Company would like to clarify the year ended December 31, 2018 earnings results, as follows. Statement of

caused, revenue from sales of export increased about 31% and revenue from sales of domestic decreased about 22%. Analysis of Profit of company and its subsidiaries The Q2/2017, the company and its