6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings
last year. The amount increases were mainly driven by the rise in personnel expenses, cost of services to customers, depreciation expense, and marketing expense. However, SG&A as a percentage of sales
construction service in oil and gas sector totaling of 2,024.99 Million Baht. 3. Selling expense decreased amounting to 5.11 Million Baht, accounting for 80.67% from previous year as the Company record
adjustment to the beginning balance of retained earnings as at 1-Jan-19. The effect of related transactions is presented in Note 2 of financial statements and also provided on page 4. Considering the entire
/ from Baht 423 million in Q3’2018 to Baht 220 million in Q4’2018, primarily due to 1) seasonally softening demand from IUs during the holiday period, 2) seasonally high expense, 3) a 4.6% increase in gas
cost from unchanged of Ft and higher financial cost from the record of interest expense of ABPR4 after its COD achievement in June 2018. • NNP margin remained at 9.9% in 9M’2018 and lower to 7.7% in
Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 3rd Quarter 2018 Milestone Revenues and Earnings, Structural Improvements, Enhanced Portfolio and Geographic Reach
for the 3-month period ended 31 March 2019 showed at Baht 52.9 million, increased from the same period of last year by Baht 6.3 million or 13.5%. Earnings per share is Baht 0.30 per share, increased
increased 14.30 million baht or 1.18% comparing to the same period last year, mainly from the rise of labour wages and the cost of automation system improvement. 3. Selling and Administrative Expense
expenses increased 504,620 baht compared to the same period of the last year mainly from the increase of personnel expense such as salary and bonus. 5. Corporate income tax decreased 728,882 baht compared to