of rubber which is the main raw material for production and the continuous appreciation of the Thai baht. Transaction For the Year ended 31st December Unit 2017 2016 Gross Profit Ratio % 15.60 21.05

higher lime demand in Q4 2017 and will continue into Q1 2018. The steel industry has closed its third year of continuous recovery in 2017, with total output up over 10%. Further volume increase is

million or 3% year-on-year from continuous efforts of the Group to control and reduce costs in all business groups, although the decrease in costs did not match with the decrease in revenues. The Group

December 31, 2017. In addition, the Company and its subsidiary also had a continuous growth in the Company’s performance and the sufficiant liquidity for long-term loan repayment. Therefore, the proportion

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

the higher production scale and continuous improvement of the production process during the year. The higher margin was also by the lower sales to wholesale channel with lower margins. For the year

sale weight of stainless steel sheet, coils and exhausted pipes increased in line with the economic conditions in the country, which has continued to grow due to the continuous economic stimulus of the

value mix that Golden Lime and Saraburi Quicklime offers to its customers (high level of supply security, continuous improvement of quality, services in logistics and application of the products

that Golden Lime and Saraburi Quicklime offers to its customers (high level of supply security based on total 9 kilns in operation, continuous improvement of quality, services in logistics and

31% as compared to the same period last year of 260 million Baht. This was due to continuous effort in debt repayment in forms of Bill of Exchange, debentures and financial institution loans. The