operations of the Company is negative, the transaction size, based on net profit from operations was not calculated. In summary, the total transaction size of items 1, 3 and 4 is equal to 2.26 percent

sales volumes. The sharp decline in the Finished Goods prices has also led to a decline in Raw material prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and

in period of 30 years since September 29, 2015 (28 years remaining) Raw water is sourced from land developing to be reservoir at Amphoe Tai Meang, Phang-Nga which these land owned by GS total 25 plots

, gain from exchange rate etc. Summary of significant financial ratio (consolidated financial statements) Financial Ratio 2019 2018 2017 Liquidity ratio (time) 0.62 0.29 0.31 Debt-to-equity ratio (time

$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

1 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis Operational Summary in 1Q18  Total revenue from core business was Bt842.14mn, an increase of 17.8 % YoY

Directors of SINGER, approved the capital increase to support the business expansion which its turnover shall be improved in this 2019. Summary of factors affect the Company’s performance in 2019 Company Key

Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB

Microsoft Word - MD^0A_FY2019_EN_Final 1 Forth Smart Service Public Company Limited (FSMART) FY2019 Management Discussion and Analysis Operational Summary in FY2019  Net profit was Bt584mn

Microsoft Word - S - MDA 4Q19_EN Page 1 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 Executive Summary Singha Estate Public Company Limited (“the Company