construction revenue which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely Nam Che. ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL
and cinema. It is also progressing its lease agreements with various retail tenants. Residential Property Development CPN recognized the potential of our mixed-use development of shopping mall complex
and service income decreased 14.0% y-on-y and 40.6% q-on-q (Baht 398 million in 6M’2018 / Baht 148 million in Q2’2018), primarily due to a record of construction revenue which is recognized based on the
agreements with various retail tenants. Residential Property Development CPN recognized the potential of our mixed-use development of shopping mall complex projects. The company plans to utilize our existing
Bt60,735mn, increasing 7.8% YoY. SG&A expenses were Bt21,719mn, increasing 12% YoY, mainly from continued investment for brand perception, handset subsidies as well as the legal severance pay recognized in
shutdown in June 2019. Due to dramatically decreasing of palm oil price from 22.00 Baht/kg at end of 2Q/2019 at to 15.25 Baht/kg in mid of July 2019, the company recognized Stock Loss & NRV of THB -86
million in 9M19 increased by 66.7% yoy from investing in Elite Havens in late 3Q2018. • Loss sharing from investments The Company recognized loss sharing from investments in hotel management business of
280 million in 9M19 increased by 66.7 % yoy from investing in Elite Havens in late 3Q2018. Loss sharing from investments The Company recognized loss sharing from investments in hotel management
talent management systems that is recognized as best-in-class Indorama Ventures 2nd Quarter 2020 MD&A 9 Forward-looking Statements The statements included herein contain “forward-looking statements” of
with a bench of leaders and talent management systems that is recognized as best-in-class. Indorama Ventures 1st Quarter 2020 MD&A 8 Forward-looking Statements The statements included herein contain