business is on the recovery path and it is expected to perform better in the quarters ahead. Figure 1: Core EBITDA Evolution Figure 2: Regional Performance 278 356 197 218 373 535 859 1,112 LTM1Q17 LTM1Q18

. $10 million) of a marginal manufacturing facility in Indonesia which was underperform- ing since last few years. Impact of last 4 years strategy: Figure 1: IVL Core EBITDA The Company has achieved a

. $10 million) of a marginal manufacturing facility in Indonesia which was underperform- ing since last few years. Impact of last 4 years strategy: Figure 1: IVL Core EBITDA The Company has achieved a

rent and services In 2Q18, CPN recorded revenue from rent and services at THB 6,819 mn, an increase of 4.6% YoY (for the first six months of 2018, the figure stood at THB 13,594 mn, an increase of 4.2

still active. Also, there are approximately 750,000 juristic persons From 29 audit firms, at the end of 2019 there are 251 auditors in the capital market. The proportion is shown in figure 1. For the

) and 2 cycle inspection result (2013 – 2015), as referred to in figure 1. When categorizing the number of audit firms by each element in TSQC 1, as shown in figure 2, one will find that more than fifty

, % 1/ Figure after reclassification. Cost of rental and rendering of services before reclassification in Q1/2019 was Baht 77.5 million (figure after reclassification decreased by Baht 5.3 million from

international audit firms baring the same names and complying with the policies and procedures of the international audit firms consistently, excluding the Big 4 firms Figure 1: Auditing landscape in Thailand

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

benefit expenses in accordance to the labour protection act (No.7) in second quarter of 2019, moreover; during lockdown the company implemented a cost saving scheme; where 6 months figure lower by 11