the registrar. The profit for the period therefore decreased as mentioned before. The Company has set procedure to solve the mentioned problem and believes that the ratio of net claim expenses over

. Furthermore, the Company believes that the current situation of the real estate market especially condominium market is contraction in certain segment, which is resulted from global and local economy downtrend

. The management believes that it will be able to rectify situation. Please be advised accordingly. Yours Faithfully, Bang-on Phumchai Managing Director

for the Company for this business, the Company strongly believes that he would be able to manage The Iconic Property Company Limited for its most benefits. Should the Company carry out such transactions

past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful accounts is adequate in the current circumstances

outstanding debts and the prevailing economic condition. Management believes that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

will commence operation in the third quarter of this year. With the additional capacity utilization from Phase 3, management believes the Company’s performance for the full-year 2017 will remain strong

the new plant since the second quarter of 2017, which will commence operational in the second half of this year. With the additional capacity utilization from Phase 3, management believes that the

utilization at around 90% with conversion costs matching the first quartile plants. Accordingly IVL management believes the acquisition of balance 26% stake now will help integrate the PTIP assets with other

grow up together with the property development business which is the company's main business. The company believes that Internal Rate of Return (IRR) is 8.47% per year. 10. The Board of Directors