mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very

. 15.5% over the same period of last year. Sales growth remains driven by Power Electronics business group, especially power supplies for automotive sector (Electric Vehicle Solutions) which increased from

110.58 million baht increased from the same period last year by 16.16 million baht or 17.11%, as a result of increasing staff to cope with increasing services demand. And a result of supplies and

Limited Partnership and P. Price Supplies and Construction Co., Ltd. This case is under consideration of the Supreme Court. SEC Act S.312 Criminal Complaint Filed with an Inquiry Official Dated 30/06/2005

Partnership and P. Price Supplies and Construction Co., Ltd. This case is under consideration of the Supreme Court. SEC Act S.312 Criminal Complaint Filed with an Inquiry Official Dated 30/06/2005

% Medical treatment 478.45 442.26 36.19 8.18 Medical service 24.70 16.18 8.53 52.70 Drugs and medical supplies 0.86 0.98 (0.12) (12.27) Other supplies 1.14 1.35 (0.22) (15.92) X-ray 11.30 10.09 1.21 11.97

achieved continual growth despite the emergence and persistence of multiple risk factors such as higher oil prices, global economic slowdown especially in trade alliance countries, exchange rate volatility

98.17 14.41 14.68 Medical service 4.65 2.59 2.05 79.29 Drugs and medical supplies 0.21 0.22 (0.01) (6.42) Other supplies 0.17 0.38 (0.21) (55.07) X-ray 2.76 2.20 0.56 25.52 Discount (3.83) (2.92) 0.91

Increase (Decrease) Amount % Medical treatment 104.71 111.67 (6.96) (6.24) Medical service 7.01 4.65 2.36 50.77 Drugs and medical supplies 0.18 0.21 (0.02) (11.02) Other supplies 0.22 0.17 0.05 30.82 X-ray

water, wastewater treatment and hydrogen and supplies its utilities to the Artlant PTA plant. PTA is a core strategic business of IVL and we are confident that over time the Portugal PTA plant will