has risen by 25.6%, but net earned premium has only gained 12.1%. This is because long-term insurance policies contributed to a certain portion of sales growth. Earning those premiums in a given period

) S.A., in France (“Sorepla”). Sorepla is one of the largest plastics recycler in Europe with a capacity of 52,000 Mt per annum. The acquisition fits into IVL’s long term business as well as our

receiving payment 5. Financial Cost 0.02 million bath was decrease 0.04 million baht or (54%) due to In reinterest on long – term loans and overdrafts 6. Operating profit 38.42 million bath compared with last

after the long and continuous declining period. Please be informed accordingly. Yours sincerely, Chanet Phenjati President

bath was decrease 0.03 million baht or (36.59%) due to In reinterest on long – term loans and overdrafts. 5. Operating profit 29.04 million bath compared with last year at was at (10.19) million baht

Company had a net loss of 6.26 million baht this year and 17.68 million baht last year. The net loss decreased 64.59% The loss from operation was due to the long and continuous declining global economy and

produces primarily Recycled Polyethylene Terephthalate (rPET) Flake with a combined capacity of 40,000 tonnes/annum. This acquisition is strategically in-line with the IVL’s long-term sustainability

small decrease in finance costs for the solar energy unit Baht (2) million or (18%). It was since the repayment of long-term borrowing in the solar energy business and short-term borrowings from financial

2.2 million, increased by 150.6% due to provision of obsolete and long-aged finished products. Ocean Glass Public Company Limited Page 3/4 Management Discussion and Analysis  Selling and Administrative

was since the repayment of long-term borrowing in the solar energy business. Income tax expense Income tax decreased Baht (0.61) million or (29.6%), which was mainly derived from the overall operating