focus from various stakeholders. Leading & significant future trends Environment, Social and Governance (ESG) Movement & agenda Dematerialized world – the rise of Intangible capital 3 Increasing
, respectively. The rise was mainly driven by growth from overseas business and also domestic sales of a new product, carbonated canned green apple flavored Carabao in 180ml (“Carabao Green Apple”), launched
safety and personal hygiene. In 2017, IVL completed the acquisition of Glanzstoff which is Europe’s largest manufacturer of tire cord fabrics and sin- gle-end cords. The Company also acquired DuraFiber in
tire cord producer in Europe and globally with synergies across the automotive platform. o Medco (expected completion in 4Q18) - strengthens IVL packaging footprint in attractive and growing African
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
Metropolitan Area (BMA), 18 projects in the provinces, and 1 project overseas), 30 food centers, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), 3 high-rise residential projects
same period of previous year. The amount increased were mainly driven by the rise in personnel expenses, rental cost, maintenance cost, and marketing expense. However, SG&A as a percentage of sales has
, 4 high-rise residential projects for sale (totaling 1,677 units), and 1 low-rise residential project for sale (totaling 71 units in all phase), which includes the properties transferred to CPN Retail
160.69 million or up by 4.85% as compared with the previous year. The amount increases were mainly driven by the rise in personnel expenses, cost of transportation, cost of services to customers, marketing