like Russia and India will be a complimentary strategic fit with IVL’s current high value added (HVA) portfolio where it already has a well-established and strong presence. 8. Source of Funds The

subsidiaries reach its full capacity, they will help lead the strong performance for the group. Please be inform accordingly, Yours sincerely, (Mr. KittiPhuathavornskul , Ms.Netirad Sang- ngam)

the Company and its subsidiaries as follows: Thailand Economic Q3/18 review and outlook Thailand economic in the third quarter of 2018 continued to grow from strong expansion of Thailand’s export sector

collection business. The performance in Q3/2018 shows a strong recovery sign. In addition, the Company diversifies its business into Factoring Business which yield a good return for the business. Property

the decrease in sales, which was affected by the trade war as well as the raising of competition in the mobile phone distribution market. 2. Revenue from debt collection and other services in the third

, representing a substantial increase of 68.7% Q-o-Q and 58.2% Y-o-Y. The strong performance was the result of better efficiency, revenue growth and effect of the Thai Baht depreciation, whereas the gross margin

level. We also had to cut costs in all areas, suspend our investment plan and reserve cash to maintain a strong finance position during the crisis. Cost of Sales and Gross Profit The gross profit margin

with reduction in sales. Non-current liabilities of Baht 259 million, increased by Baht 66 million mainly from higher deferred tax liabilities. The Company had strong financial position and remained the

as welding wire for galvanized steel and galvanized paint. The aim is to build strong growth and sustainable returns by practicing good governance along with developing the society, community, and

Tiger’s strong presence and excellent reputation, we hope to serve SMEs in providing quality services to help them with payroll compliance work at affordable rate. T.662 636 6999 F.662 646 4200