overall performance of the subsidiaries has been uplifted by operational efficiency improvements in various areas. In order to meet consumers’ expectations, the company continued to embrace the need to

business. In IRSL, improvements have been made on increasing capacity utilization, improving operational efficiency, consistent product quality and expanding customer base. Capacity utilization increased

made a strong start to the year, with improvements in production volumes and margins across all segments and geographies. This performance is a result of our long-term investment strategy, the

improvements in productivity, we achieved a gross profit of 281.47mb (2018: 237.71mb), an increase of 43.76mb or 18.4%. Selling and Administration expense Selling and administration expense ( “ SG&A” ) closed at

maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade

follows. - Land and Land improvements 30 Million Baht - Building and construction 50 Million Baht - Machines and equipment 500 Million Baht - Others 20 Million Baht Total investment 600 Million Baht - 5 - 7

, the details are as follows. - Land and Land improvements 30 Million Baht - Building and construction 50 Million Baht - Machines and equipment 500 Million Baht - Others 20 Million Baht Total investment

efficiency through improvements in gross margin rates, as well as continuing to focus on cost efficiency For stores expansion in the second quarter, the company opened 1 new store of HomePro at Charansanitwong

Ventures 2nd Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 2nd Quarter 2018 Structural Improvements Driving Earnings Momentum  2Q18 Core EBITDA up 63% YoY, 1H18

Services Tax (GST) abolition in 2018. However, the subsidiaries have continuously improved operational efficiency through improvements in gross margin rates, as well as continuing to focus on cost efficiency