Microsoft Word - MD&A Q3-60_E .doc Management Discussion and Analysis: MD&A 1. Company Situation Revenue from the waste treatment business for Q3/2017 has slightly decreased due to the maintenances
sell promotion expenses and maintenances expenses. Loss from fair value adjustment on investment property The Company incurred gain from fair value adjustment on investment property in 2017 which results
than 2016. Most of increasing expenses were employee remuneration increased as a result of new business expansion and Café Shop, advertising expenses and sell promotion expenses and maintenances expenses
crackers maintenances and low Methanol-to-Olefins operating rate. Strong Ethylene demand derived from greater China’s consumption and higher Ethylene derivatives’ margin. Meanwhile, the hike in Glycerin
earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher
equipment of the MRT Blue Line Project in the amount of Baht 6,841 Million, payment for constructions of U-turn bridge for cars and motorcycles on the railroad roads, and maintenances of the Si Rat-Outer Ring
pipeline maintenances, depreciation and amortization. Therefore, costs of goods sold increased from the drought situation nationwide including Eastern area. The detail is as follows: 1) Electricity cost
1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...