of the Memorandum of Association of the Company to be consistent with the increase in registered capital of the Company, Approved to propose to the Extraordinary General Meeting of Shareholders No.1
debtors’ lower ability to repay debts which was consistent with the lower quality of credit in the financial institution system. The total amount of non-performing loans in Thailand increased from Baht
per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent
recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of recovery that is consistent
recovery that is consistent with the recovery in the manufacturing sector especially for export related products such as electronics. Manufacturing for domestic demands was still at the early stage of
profits by 12.5% as a result of higher efficiency gains from effective cost controls, despite a decrease in total revenue by 3.4% primarily due to the decline in revenue from sales, consistent with the
that the said determination of the minimum offering price is appropriate for the Company to be able to dispose the assets at the price consistent with the market and industry conditions in the economic
offering price is appropriate for the Company to be able to dispose the assets at the price consistent with the market and industry conditions in the economic downturn. Moreover, the selling price is higher
and distribution, which typically have a consistent cash flow, as it appropriately reflects the nature and capabilities of the business operations of such company while taking into account the Company’s