assets 9.97 4.79 (5.18) (51.98%) Total current assets 91.56 92.63 1.07 1.17% Non-current assets Leasehold improvements and equipment, net 9.34 7.15 (2.19) (23.46%) Intangible assets, net 1.22 0.73 (0.49

performance of the refinery business. As for the oil trading business operated by BCPT Trading Pte. , Ltd. saw improvements in performance from last year. The amount of trade and transaction of crude oil and

. Nevertheless, merchandise exports are expected to improve on the back of a modest global trade recovery due to recent progress in the US-China trade negotiations. World trade volume growth is forecast to improve

operate should be recognised, as should the reality that for many companies this is a case of work-in-progress which will be at different stages. The Guidance supplement the ICGN Global Governance

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

(+28% YoY), driven by volume growth from newly acquired assets and improved margin in Integrated PET (Western market contracts)  Core EBITDA margin was 12% (-1% YoY),wherein improvements in Core

billion (+28% YoY), driven by volume growth from newly acquired assets and improved margin in Integrated PET (Western market contracts)  Core EBITDA margin was 12% (-1% YoY),wherein improvements in Core

management of cost and expense Including internal work process improvements for greater efficiency. As table shown above, can be analyzed according to the following : I Revenues In conclusion, the Group has

been mainly driven by improvements in tourism and industries related to the export sector. In contrast, provinces that rely on agriculture have not yet seen a clear pick-up, despite higher agricultural

our investments, as well as improvements in surplus cash management where we have invested surplus cash in money market products giving a better yield. Cost of Services While our revenue has grown 7.7