, resulting in a loss on foreign exchange accounting for foreign exchange losses. The need to improve foreign debtors' accounts at the end of the year was due to the continued appreciation of the baht

addition, the domestic market has limited availability of refined glycerine as raw materials from biodiesel production have decreased in accordance with the volume of biodiesel production. Therefore, the

. Assets increased primarily from the acquisition of the acorna hotel portfolio and Noble Ploenchit office building, however this was offset by the sale of Mo Chit Land, and largely from the appreciation of

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

approval from shareholders on this issue. 4. Total Asset and Investment Hospital building, medical equipment, medical supplies, in amount of Baht 133,583,482. By the way, total investment amount of this

glycerine in the market, resulting in a significant reduction in production. In addition, the domestic market has limited availability of refined glycerine as raw materials from biodiesel production have

materials) where global demand is increasing at around 5%. With the acquisition of these leading downstream businesses consisting of both Ethylene Oxide and Indorama Ventures 2nd Quarter 2019 MD&A 4 Propylene

% Adjusted EBITDA Margin (%) 1.0% 9.3% -8.3% 4.4% -3.4% 4.3% 8.6% -4.3% Net Profit -97 185 -152% -36 169% -113 317 -136% Item from raw materials derogation - - n.a. 14(2) -100% 16(2) -2,004 -101% Tax income

. Such dropped was from more used in raw materials in this period which was in accordance to the higher demand in the Company’s products. As of March 31, 2019, the Company and its subsidiary had an

period of previous year which has other revenue of 134.00 Million Baht due to sell scrap raw materials decreased as amount of 46.36 Million Baht and decline interest received of 23.54 Million Baht (2