mainly to employee expenses and repair and maintenance of premises and equipment expenses, whereas marketing expenses fell. As a result, our cost- to-income ratio stood at 42.70 percent, which was still

% Distributor of medical devices and equipment 482,331 450,744 7% 415,547 16% 359,348 34% Margin 165,941 168,415 -1% 127,930 30% 127,930 30% Beauty services 52,024 149,649 -65% 54,223 -4% 238,241 -78% Margin

) % Revenue from sales and service 1,598.5 1,611.2 1,794.8 (12.7) (0.8) (196.3) (10.9) Rental income from equipment for lease 80.9 80.9 69.7 - - 11.2 16.1 Selling and Distribution expenses 90.4 81.3 72.7 9.1

expansion of company’s internal activities. Nevertheless, the rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 12.77% in Q3/2018 to 11.00% in Q3/2019. 3

showed in the corresponding period last year, or 25.21% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the rate of increase is less than

increased from Baht 93.53 Million compare to the corresponding period last year, or 24.14% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the

increased from 102.52 million baht showed in the corresponding period last year, or 21.39% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the

footprint and leverage the financial and commercial skills of IVL to create shareholder value. The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any

ปี 2565 _x000D_&1#&"Tahoma"&12&KC0C0C0 SEC Classification : ใช้ภายใน (Internal)

#&"Tahoma"&12&KC0C0C0SEC Classification : ใช้ภายใน (Internal)