recognized in accordance with Matching Principle. It will rise or fall commensurate with rise or fall in revenue from sale of properties. Gross margins for the 3-month period ended 31 March 2018 and 2019 were

accordance with Matching Principle. It will rise or fall commensurate with rise or fall in revenue from sale of properties. Gross margins for the 6-month period ended 30 June 2018 and 2019 were 41.55% and

PET capacity in 2019, which is leading to commensurate positive impact on chain margins for the now more disciplined markets. Figure 2: PTA-PET Integrated Margin ($/MT) Fibers Indorama Ventures 1st

PET capacity in 2019, which is leading to commensurate positive impact on chain margins for the now more disciplined markets. Figure 2: PTA-PET Integrated Margin ($/MT) Indorama Ventures 1st Quarter

May 2019 thereby losing production and commensurate earnings for over a month for 2Q19 and for a further 2 months in 1Q19 thereby impacting both quarters and the YoY performance. Consequently, earnings