expectations. On the cost side a major external factor was the change in Thai legislative environment, which made it necessary to build major additional retirement provision in Q2. On top of the external factors
presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or
farmers to tax relief. The main lime consuming sectors of the industry had limited impact from Covid-19 in Q1 by the macro economy. However, the forecasts are for a drop in demand in the coming quarters as
market was strong as the sugar season was prolonged and infrastructure projects supported our key markets of steel and construction. The Thai economy continues to outperform expectations and while we
to the consolidated financial results of Golden Lime. 2. Outlook The global Covid-19 pandemic will affect the Thai GDP negatively by 6-8% this year as of BOT projections, while in FY 2021 with a bounce
achievements exprESSEd or implied by such forward‐looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should
Indorama Ventures Public Company Limited (the “Company”), which are based on management’s current beliefs, assumptions, expectations and projections about future economic per- formance and events
market as competitors re-assigned volumes due to the weak export market and strong Thai baht. Although volumes were behind forecasts revenue per tonne has increased compared to 2018. On the costs side SG&A
in Q1 met expectations however, the aforementioned competition for volumes will put pressure on revenue in Q2. On the other hand, the new product introductions will bring significant benefit to
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