the Labor Protection Act (amount of Baht 42 million), totaling of Baht 162 million. If adjusted by adding these expenses to Baht 140 million, result in a figure of Baht 302 million. This is an increase

emerged from the public, whether an ICO can be done legally, particularly whether it falls under the SEC’s regulations. Figure 1: ICOs that fall under the SEC’s purview 1.4 In cases where an ICO constitutes

achieve diversified and steady cash flows. 8. Source of Funds The Transaction of USD 2 Billion will be funded from the Company’s own internal resources and the Company will enter into the bridge loan

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Second Quarter and Six-Month Period Ended 30 June 2018 1. Q2/2018 Highlights Figure 1: Quarterly

the year ended 31 December 2017 and 2018 was THB 580.91 million and THB 510.49 million respectively. This is equivalent to a modest decline of 12.12% compared to the same period last year. This figure

elimination of Intra-company 3Core EBITDA is Reported EBITDA less Inventory gains/(losses) Indorama Ventures 2018 MD&A 13 Figure 1: Regional Performance 2018 Performance Analysis Integrated PET (PX, PTA, PET

same period last year. This figure shows that the Company significantly cut on sales expenses from the previous year according to the drop in sales revenue. However, sales expenses to sales revenue ratio

14 Table 11 IVL Consolidated Statement of Financial Position 15 List of Figures Figure 1 Repayment Schedule of Long Term Debt 13 12 Table 5: Segment Results (Old segment) * IRSL 2nd quarter numbers

Joint Ventures Performance 11 Table 9 IVL Consolidated Statement of Income 12 Table 10 IVL Consolidated Statement of Financial Position 13 List of Figures Figure 1 Repayment Schedule of Long Term Debt 11

7 IVL Consolidated Statement of Income 13 Table 8 IVL Consolidated Statement of Financial Position 14 List of Figures Figure 1 Repayment Schedule of Long Term Debt 12 Indorama Ventures 2nd Quarter