shifts in the direction of risk rather than growth as a string has prolonged. This study provides insights into economic implications of a sequentially increasing earnings string for market prices

project in Texas, USA; expanding earnings in 2019 from investments made in Brazil and Egypt; consolidating operations in India (PET) and Indonesia (PTA) are all aimed at growing earnings from this segment

website in the country. The digital media is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program. In addition, in the fourth

. • In other words, firms prefer reporting small profits to reporting losses, showing increasing earnings over previous periods’ earnings, and announcing positive earnings surprises relative to analysts

and 19% YoY. We achieved Reported EBITDA of US$85M, due to inventory gains. Lifestyle fibers vertical had a strong performance in 1Q21 with core EBITDA growing 52% QoQ and 87% YoY. This was driven by

-named Spindletop); footprint expansion into a growing market in India; formation of a dedicated team to grow the PET recycling business; continued focus on working capital optimization coupled with an

holding segment 3Core EBITDA is Reported EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after

regional or consolidated EBITDA. 4Core EBITDA is Reported EBITDA less Inventory gains/(losses) 5Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 6Core EPS is

DW Markets o Developments Growing significance of DWs in Thailand DW Trading Value (Mil. THB) YoY growth (%) % of total market 2013 244,961.21 2.08% 2014 204,556.74 -16.49% 2.01% 2015 332,137.90 62.37

may not always tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains