and profits through consolidation of financial statements of the Subsidiary that will invest in this project. Therefore, the transaction is deemed reasonable and beneficial and will help enhance the
acquired in 2016 and 2017. The revenues from renewable energy are starting to contribute a significant portion of the profits since 2018 onward. Subsequently, on November 6, 2018, the Board of Directors of
47.53mb or 4.2 % YoY, mainly contributed from operating profits. 3. Cash Flow Statement Million Baht Jan-Jun 2018 Jan-Jun 2019 Net cash provided by (used in) Cash Flow from Operating (CFO) 93.22 79.82 Cash
profits from the operating results. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek) Chief Executive Officer
47.53mb or 4.2 % YoY, mainly contributed from operating profits. T.662 636 6999 F.662 646 4200
www.indoramaventures.com 3 Criteria Calculation Size of Transaction (percent) 2. The net profits ( Net operating profit of a company being acquired X proportion of acquisition) X 100 Net operating profit of the listed
operating results with the same period of the prior year, the group’s net profits increased by Baht 7.69 million, or increased 30% due to the following reasons: 6 Months 6 Months (Unit : Million Baht) 2018
of bank loans for the acquisition of the remaining shares of the subsidiary. Page 3 of 4 Net Profits The consolidated profit before non-controlling interest of 2Q’18 decreased by 10% yoy despite the
brand Revenue Component Sales Component by Brand Revenue Component Sales Component by Brand 3 2. Cost of goods sold and gross profit 2Q18 and 1H18 gross profits represented 41.28% and 41.63% respectively
, it found that the decrease rate of profits was higher than the decrease rate of revenues due to some part of the selling and administrative expenses, which was a fixed cost that continues to occur even