2018 MD&A 7 Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are
-interest income totaled Baht 1,785 million decreased by 13.2% yoy. The decline is mainly due to the lower gain on financial instruments measured at fair value through profit and loss comparing to the same
underestimation of workload on major projects, which cause the loss at the contract profit margin level. One reason for net loss is because of the lower prices for these projects which were awarded during Q4/2017
) - (870.5) N.A.(
(Bt mn) 4Q17 3Q18 4Q18 %YoY %QoQ FY17 FY18 %YoY Operating Profit 10,315 9,293 9,202 -11% -1.0% 40,385 40,105 -0.7% Depreciation & amortization 8,164 8,556 8,919 9% 4.2% 30,151 33,879 12% (Gain) loss on
) -6.7% Profit attributable to Owners of the Parent 424.2 716.2 -40.8% Foreign Exchange Gain (Loss) 94.6 250.6 -62.2% Adjustments of Revenue Levelization (TFRS 15)5 (64.6) 0.0 N/A Normalized Profit
% (2,766.3) (3,674.1) 32.8% Gross profit 496.5 463.7 464.1 0.1% (6.5%) 1,401.5 1,399.4 (0.1%) Net gain (loss) on exchange rate 83.6 86.7 113.7 31.1% 36.0% 169.6 195.8 15.4% Gain (loss) on forward contracts 6.0
inventory gains decrease the cost of sales and inventory losses increase the cost of sales. Core Net Profit is the Reported Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net
) (1,174.0) (1,350.7) (1,370.2) 19.5 1.4% (3,808.0) (5,044.3) 1,236.3 32.5% Gross profit 471.6 463.7 464.1 473.3 9.2 2.0% 1,918.9 1,872.7 (46.2) (2.4%) Net gain (loss) on exchange rate (4.6) 86.7 113.7 (142.3
Incomes 78.14 60.33 Total Revenues 7,879.44 7,032.50 Selling & Administrative Expense 507.94 499.86 Finance Costs 90.76 94.42 Net Profit 443.44 121.25 Earnings per share (Baht) 1.11 0.30 The company would