SPP plants, gross profit decreased by Baht 92 million due to the decrease in electricity and steam sales volume from Rayong Central Utility Plants (CUP) as major industrial customers had a planned

3Q2016 predominantly from cost advantage from lower major feed material price and the growth in chicken export volume. In addition, the consolidated EBITDA in 3Q2017 was THB 896.18 million, an increase of

: +662 661 6664 1 3Q19 IVL Performance Summary IVL reported 3.3 mmt of production volume (5% organic and 18% inorganic growth yoy). Organic growth reinforces the demand growth in our business. Inorganic

shall undertake the securities borrowing and lending business within that restriction. In the case where the business operator under the first paragraph wishes to relax or remove such restriction, the

operator under the first paragraph wishes to relax or remove such restriction, the business operator may do so only with prior approval from the Office. In seeking such approval, the business operator shall

where the business operator under the first paragraph wishes to relax or remove such restriction, the business operator may do so only with prior approval from the Office. In seeking such approval, the

introducing new products, under the company’s strategic plan to expand the business. The Marketing Business recorded total sales volume declined 6% YoY and 13% QoQ, mainly from the decline in sales of fuel

: Core Financials of Consolidated Business Full Year Quarterly $million (except where stated otherwise) 2018 2017 2018 YoY 4Q18 3Q18 4Q17 4Q18 YoY Production Volume (kt) 10,419 9,103 14% 2,818 2,730 2,306

Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

decreased when compared with the same period of previous year. However, this segment still has obtained regular sales volume for filter elements from product quality, which can well response the customers