earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher

Industry (Laos) Co., Ltd. of 50.10MB was included in year 2016. The company sustained steady progress in its make-over strategy into renewable Energy by acquiring another 30MW of solar farms in Thailand in

for milk and yogurt and consumer was in steady state. 2. The consolidated gross profit margin was 13.48%, decreased from the same period of last year at 15.43% due to increase in plastic resin cost

of Heavy crude oil, after production limitation were put in place since the past January, accompanied by gradual closure of Japanese refineries according to the measure to increase Cracking to CDU

respectively. The Company has steady income from the business with the main transactions from the transmission tower and cable network installation for TRUE and CAT for instance. Maintenance and Service Business

a steady growth of FTTx subscribers. 2. TFRS 16 Leases As a result of the effectiveness of the TFRS 16 Leases in 2020, it is required that the lease liabilities and the right-of-use assets for the

ECB resolved to hold its policy rate steady at zero percent. However, the ECB lowered its interest rate on the deposit facility, putting it more deeply into negative territory, while it also planned to

diversification rule The Deposit Protection Agency?s gradual reduction of protected deposit amounted to B50 million on August 11, 2011 and to B1 million on August 11, 2012 may have impact on the fund (mutual funds

found a growth of new investor base and gradual change of investment behaviors. It also indicated that financial industry needs to offer more retirement products for increasing aging populations. In

30.40 percent in year 2015. The gross profit ratio in year 2015 lower than year 2016 due to usage of construction cost of sales based on progressive work. 4. Gains from sales of immovable property 4.1