revenue but low margin in mid-2017. T.662 636 6999 F.662 646 4200

. Revenues from Financial Solutions decreased by THB 4.77 million or 5.87% to THB 76.56 million (2017: THB 81.33 million) due to loss of accounting services contracts with high revenue but low margin in mid

/2019 the number of service stations was 1,188 locations. For the Net Marketing Margin that lowered from the previous quarter was caused by the price of finished products in the global market increasing

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate

control Q1/2020 Gross Profit The Company and its subsidiaries recorded gross profit of Baht 244 million, an increase of 7% YoY, representing gross profit margin of 20%, growth from 17% in Q1/2019, mainly

higher gross margin that can be covered the increased SG&A expenses. Operating Results and Capabilities to Make Profit Performance from revenues, costs and expenses which has significant impact in Q2-2020

comparing to the same period of the previous year. In addition, the sales volume of automotive exhaust pipes for export portion was also reviewed to adjust by the car manufacturers due to the impact of the

/Interest expense Dusit Thani PLC Management Discussion and Analysis 3Q18 and 9M18 P a g e | 9 Profitability ratio remained resilient in 3Q18, showing improved EBITDA margin and net profit margin. Liquidity

(%) 16.45 15.56 11.45 11.45 D/E (X) 0.32 0.36 0.42 0.21 Total Asset Turnover (X) 0.57 0.53 0.60 0.83 Gross Profit Margin (%) 62.39 58.2 55.07 55.49 EBIT Margin (%) 23.20 29.36 19.13 30.31 Net Profit Margin