prices, while core inflation, which excludes energy and food prices, increased by 0.6 percent due, in part, to a sluggish recovery in consumer demand. Other contributing factors were more structural, such
compared to the year before. Net interest income increased by Baht 4,150 million or 4.21 percent due mainly to interest income from loans and investments. Net interest margin (NIM) therefore stood at 3.31
Cash Flow is after change in net working capital and cash tax, before maintenance capex Indorama Ventures 2018 MD&A 3 FY 2018/4Q 2018 Performance Highlights FY18 core EBITDA increased by 44% YoY to
6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading
costs. Hence, the ratification of shareholders in the Extraordinary Meeting of Shareholders No. 1/2017 on September 8, 2017 for an increased investment in Carnival Magic Project to THB 3,570 million is
to the expansion of household spending, as a proportion of income must be put towards debt repayments, and has caused an increased risk of defaults on payments. In addition, low interest rates
term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of
MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019 Consolidated revenue increased by 161.5% YoY to THB
revenue from money market product increased from foreign exchange transaction. Moreover, other operating expenses increased Baht 1,976 million or 2.98 percent over-year, due mainly to marketing expenses. 1