higher demand from large format packaging, however, is partly offset by lower bico PET demand which goes into non- food & beverage applications. Integrated Oxides and Derivatives Our integrated oxides and

non-controlling interest of Baht 78 million decreased by 256.2% YoY due to the COVID-19 pandemic offset with positive impact from the new TFRS 16 – Lease of Baht 2 million. The net profit attributable

loss on properties for sale in 2016 which resulted from the revaluation of the appraised value of properties for sale, partially offset by an increase of certain taxes on revenue from accrued income from

% compared to the same period of time in 2018. This was due to the higher adjustment of appraisal value of NPAs in which has been offset by an increase in Tax and Duties from higher Accrued income from auction

and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above mentions, the Thai economy was expected to improve further

expand with the doubling of PTA (recently completed). Although the high IPA margins will gradually normalize but we expected them to be more than offset by the dou- bling of IPA production starting 1H18

households. These drivers combined to support growth momentum and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above

million baht. However, this was offset by cash outflows used for acquisition of property, plant and equipment and increase in percentage of ownership in SPF to be 33.0 percent. Cash flows from financing

decrease in current investments, dividend income from investments in associates and cash received from sales of equipment. However, this was offset by cash paid for acquisition of property, plant and

mostly derived from a decrease in current investments, dividend income from investments in associates and cash received from sales of equipment. However, this was offset by cash paid for acquisition of