and rendering of services (excluding fuel cost) 1,218.84 1,194.84 24.00 2.0 Administrative expenses 340.41 405.63 (65.22) (16.1) Finance costs 481.02 161.78 319.24 197.3 Income tax expense 300.49 229.09

been paid so financial costs will come down from here on in. Income tax expense has increased as Saraburi Quicklime does not have BOI exemption although there are planned projects that will enable

year. 1.8 Income tax expense For the year ended 31st March 2019, the Company and its subsidiaries had corporate tax of Baht 49.38 million or decrease by 27.3 percent due to the lower in operating profit

before income tax expenses 170.98 20.1% 169.68 21.3% 165.18 20.5% -2.7% -3.4% Income tax expense (20.16) -2.4% (20.57) -2.6% (20.28) -2.5% -1.4% 0.6% Net profit 150.82 17.8% 149.11 18.7% 144.90 18.0% -2.8

าเนินกิจการ จึงมีค่าใช้จ่ายในการลงทุนและค่าใช้จ่ายในการบริหารจัดการค่อนข้างสูง ประกอบกับในไตรมาสนี้ บริษัทมีค่าใช้จ่าย One Time of Expense เข้ามาท าให้เมื่อเปรียบเทียบกับปีก่อน มีผลท าให้ก าไรสุทธิจึง

ซึง่เป็นคา่ใช้จา่ยที่นอกเหนือจากการด าเนินงานปกติ (one-time expense) ในไตรมาส 2 ปี 2562 และสะสมปี 2562 มีก าไรสทุธิ 68.20 ล้านบาท ลดลงจากปีก่อนเป็นจ านวนเงิน 76.48 ล้านบาท ฐานะทางการเงนิ ข้อมูล หน่วย ณ

constant for the rest of 2019. Income tax expense has decreased due to the lower net result. Net income was down significantly due to the reduced revenues and increased finance cost. 3.2. Assets, Liabilities

169 million. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 6 *Annualized ** = EBIT/ Interest expense The Company’s profitability remained resilient in 1Q18, showing improved

freight service was decreased by THB 1.22 million or 8.18% in the 1st quarter of 2018 from the 1st quarter of 2017. Selling expenses The Company and its subsidiaries’ selling expense consist of domestic

quarter of year 2018 (last year there was no expense item), In addition, the Group have adjusted employee and management remuneration as usual every year. 3.5 Operating results The Group's net profit