philosophy , businesses should   operate on the basis of   fair advantage without seeking excessive profits at others’ expenses or overlooking possible social consequences or crises. Ethical and effective use

net loss includes unrealized loss on foreign exchange of 19.29 million baht. Comparing with last year, the Company had a net loss of 64.72 million baht which includes unrealized gain on foreign exchange

had a net loss of 34.71 million baht in which there is a loss attributable for the equity holders of the Company of 34.72 million baht and the net loss includes an unrealized gain on foreign exchange of

result Million Baht 2019 2018 Sales 1,748.29 1,905.09 Cost of Sales 1,636.11 1,756.98 Gross Margin 112.17 148.11 Gain (loss) on exchange rates 38.44 (26.43) Other Incomes 33.76 30.28 Total Revenues

result Million Baht 2018 2017 Sales 1,905.09 1,849.88 Cost of Sales 1,756.98 1,621.03 Gross Margin 148.11 228.85 Gain (loss) on exchange rates (26.43) 23.44 Other Incomes 30.28 27.42 Total Revenues

Accountancy, Chulalongkorn University • President, Thailand Accounting Association • Ethical Standard Committee, Federation of Accounting Professions of Thailand under the Royal Patronage of His Majesty the

line with our target of ~15%. ESG & Carbon Neutrality Carbon neutrality will be IVL’s key differentiator going forward, and we have laid out a strategy to include recycling, renewable energy, ethical

company adopts the company’s objectives, goals, and strategies, applying high ethical, environmental and social standards, and contributes to the sustainable growth of the company. Principle 5.3 The board

foreign exchange of 11.97 million baht. If excluding the unrealized gain (loss) on foreign exchange, the Company had a net loss of 68.75 million baht this year and 86.28 million baht last year. The net loss

a loss attributable for the equity holders of the Company of 48.58 million baht and the net loss includes unrealized gain on foreign exchange of 0.49 million baht. Comparing with last year, the