Microsoft Word - MDA_Q417_DTC_ENG_v4.3 Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 1 Executive Summary The company reported net profit of THB 267 million in 2017 driven mainly

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reported consolidated sales revenue of Baht 2,147.64 million increased by Baht 107.28 million or 5.26% from last year. The Company’s gross profit was 34.43% decreased from last year, reported at 39.10%. The

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price. Nevertheless, the company had improved the feedstock management, resulting in the recorded adjusted EBITDA of THB 346 million, a little decrease from the previous year by 2%. In addition, the