E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...
- commissioning activities planned in December 2017 and startup early 2018. In addition to improved cash flows as a result of the better performance, the Company’s Balance Sheet al- so strengthened as a consequence
Directors and the Executive Directors play a pivotal role in guiding, mentoring and supporting human resources at IVL. While we strengthened the organization for future opportunities and challenges, we also
strengthened over last 2 years with record earnings and conversion of warrants into equity. In early 2019 as part of our Capital Market Day, we had identified our Integrated Oxides and Derivatives segment and
Portugal, all accretive to IVL earnings. Our HVA portfolio has been further strengthened with strategic acquisitions in the Automotive segment (Kordarna) and Hygiene segment (Avgol), expected closing in 3Q
accretive to IVL earnings. Our HVA portfolio has further been strengthened with strategic acquisitions in the Automotive segment (Kordarna) and Hygiene segment (Avgol), which will provide full year earnings
especially high as the Bank strengthened its reserve level to prepare for the adoption of TFRS 9, in line with its prudent approach to financial management. However, in the first quarter of 2019, impairment
this year, which was the weakest of Asia, prompting Thailand’s net return on investment after inflation to outperform regional peers. Finally, Thailand’s economic and financial stability was strengthened
uncertainties both at home and abroad resulted in volatility of both foreign exchange and return on investment. In the first quarter of 2019, the Baht strengthened due to eroding confidence in the US Dollar amid