percent (35.0 percent in the year 2017). The gross margin was higher as the company could be controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased

jointly-controlled entity, which decreased by Baht 15.23 million or 43.74%. The Company wish to explain the main reasons change of Expenses as follows. Expenses: (Unit: Million Baht) Consolidated Separate

recorded 22.25 million baht as losses from investment in an associated company and a jointly-controlled entity, which decreased by 12.18 million baht or 35.38%. Expenses: (Unit: Million Baht) Consolidated

the company faced the problem of the fluctuation of raw material cost but it slightly impacted on the cost of goods sold. Since the company has strictly controlled and managed the inventories very well

Ventures PCL (IVL) Seller: PT. Indo-Rama Synthetics Tbk. (PTIRS) The majority shareholding of PTIRS is ultimately controlled and held for the benefit of Mr. Sri Prakash Lohia and his immediate family. Mr. SP

13,657 % Change 34.15 43.11 22.22 2.49 71.58 controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased the cost per unit. • Sales Expenses Q3/2018

Tbk. (“PTIRS”) The majority shareholding of PTIRS is ultimately controlled and held for the benefit of Mr. Sri Prakash Lohia and his immediate family. Mr. Sri Prakash Lohia is the President Commissioner

) (6.13) - (18.63) (18.63) Finance costs (30.84) (17.11) (62.68) (33.34) SHARE OF LOSS OF INVESTMENTS IN JOINTLY CONTROLLED ENTITIES ON EQUITY METHOD (0.11) (1.47) (0.12) (2.04) PROFIT (LOSS) BEFORE TAX

Company has implemented the measures to manage the risk from sales reduction by controlled and reduced the production cost including raw material, manpower and expenses, as well as reviewed the budget

under Section 307 and Section 311, in conjunction with Section 315 of the Securities and Exchange Act, as the case may be.  In addition, the persons under (6) and (7) jointly controlled and/or used