still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

business recovery in 2H20 compared to 1H20 that our hotels, schools, and food outlets have been gradually in re-opening phases across the markets. Our food subsidiary, Epicure Catering, will also reaped

tourism. We believe that AH will benefit from the turnaround of the automotive industry and that a turnaround will be likely from deferred demand dictated by overall economic situation and limited

earnings on a YoY basis both in 4Q19 and 2019, driven mainly by a negative EBITDA contribution from IPA. This is in line with industry spreads, which were at an all-time low. IVL has launched a turnaround

เทียบกบังวดเดียวกนัของปีก่อน ซึ่งเกิดจากนโยบายการควบคมุราคาวตัถดุิบและค่าใช้จ่ายต่างๆ ตามแผน Turnaround ของ กลุม่บริษัทเป็นไปอยา่งมีประสทิธิภาพ ต้นทุนจากการขายอาหารและเคร่ืองดื่ม มีจ านวน 376.7 ล้านบาท

of $141 vs $101 in 2Q LTM 2017  The Asian business is on the path to recovery with 2Q 2018 LTM Core EBITDA per ton of $92 vs $68 in 2Q LTM 2017 driven by Asia PTA margin recovery while Asia PET

56 53 (1.9) (5.4) Taxes and duties 288 201 110 (61.8) (45.3) Impairment loss on properties for sale (reversal) (14) (15) (12) (14.3) (20.0) Properties for sale expenses 23 23 33 43.5 43.5 Other

7 8 1 (85.7) (87.5) Premises and equipment expenses 54 56 53 (1.9) (5.4) Taxes and duties 288 201 110 (61.8) (45.3) Impairment loss on properties for sale (reversal) (14) (15) (12) 14.3 20.0

ADVISORY SECURITIES COMPANY LIMITED TREASURIST MUTUAL FUND BROKERAGE SECURITIES COMPANY LIMITED TRADITION FIXED INCOME SECURITIES COMPANY LIMITED TURNAROUND COMPANY LIMITED THAI STRATEGIC CAPITAL COMPANY

met the target, the provision is provided. However, if the performance of the company is turnaround to positive, such provision will be reversed. Loss from allowance of intangible assets Loss from