), trademark (THB 342 million), building and improvement (THB 54 million) and leasehold improvement (THB 23 million) The consolidated loss of YE 2018 is THB 345 million, increasing by 86% from last year (YE 2017

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

performance, please see 2Q 2017 performance analysis. Despite the lower-than-expected recovery of advertising spending during the first half of 2017, the Company expects to see an improvement in advertising

subsidiary recorded gross profit of 4,418 MTHB, improved by 2.8% from the year 2018 due to lower prices of raw materials this year and improvement of production reliability. However, such improvement was

% This was because the Company’s cash collection improvement. In the first quarter of 2019, the cash collection was 708 million Baht which is close to the cash collection in Q4/2018. 2. Income from debt

% Administrative expenses - 2.6 - 9.6 73.1% Finance costs - 4.5 - 3.1 -46.3% Profit for the period 28.4 17.2 64.7% Net Profit 10.3% 9.1% EBITDA (MB) 45.9 27.8 65.4% EBITDA (%) 16.6% 14.6% Earnings per share (Baht

, TFRS 9 Financial Instruments and TFRS 16 Leases, by adjusting from the retained earnings as of January 1, 2020 and didn’t adjust the financial statement of the previous year. The adjustments of right-of

Development Plc. would like to inform its financial results for the year 2019 which ended on 31 December 2019. The Company and its subsidiaries reported a net profit of THB 177.45 million or earnings per share

329.68 5.28 Selling and distribution expenses 68.89 63.23 8.95 66.19 4.09 216.39 195.29 10.81 Administrative expenses 42.17 46.09 -8.50 58.55 -27.98 130.69 134.40 -2.76 Earnings before interest and taxes

Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 3rd Quarter 2018 Milestone Revenues and Earnings, Structural Improvements, Enhanced Portfolio and Geographic Reach