reflecting management actions on working capital optimization and extract efficiencies. Net working capital reduced by three days over last year. The Thai Baht strengthened 7% yoy and adversely affected

by US$9M due to lag loss. We expect 2Q21 to benefit from lower negative lag impact with some normalization in polypropylene prices. Underlying demand for hygiene fibers continues to remain strong

conducive to the continuation of economic growth and was appropriate given the inflation target. However, the MPC cited that the need for currently accommodative monetary policy would be gradually reduced

days to less than 10 days more recently. Lower inventory levels of PTA, higher demand growth and lesser capacity addition cre- ate a positive outlook for the Asian PTA industry. IVL has seen the

days to less than 10 days more recently. Lower inventory levels of PTA, higher demand growth and lesser capacity addition cre- ate a positive outlook for the Asian PTA industry. IVL has seen the

net profit which was lower by 99% from the same period of last year, which was affected by substantial less contribution from shares of loss as well as higher expenses. Please be informed accordingly

maintenance, while crude oil price rose, and average payable payment period was shortened. Moreover, Trade Account Payable of oil trading business was lower from the reduced transaction volume by THB 883

Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices

work from home, resulting in reduced operating costs for many items, such as employee training fees, which have been changed to online training, which has resulted in lower costs. In addition, the

work from home, resulting in reduced operating costs for many items, such as employee training fees, which have been changed to online training, which has resulted in lower costs. In addition, the