2.05 trillion and THB 1 trillion, respectively. Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 7 Uplift hotels in Thailand to maintain competitive advantages The Company and its

available to pay debt securities holders; b. provision requiring the issuer to maintain certain financial ratios; c. provision that restrict the issuer from creating additional debt under certain conditions

broadband is expected to maintain growth momentum with targeted 1.35 subscribers by year end; however, ARPU still under pressure amidst intense price competition. Enterprise non-mobile services, currently

Bt78,463mn grew 6.3% supported by cost management, with margin 42. 8% vs guidance of to maintain EBITDA margin. Net profit was Bt31,051mn, increased 4.6% YoY and invested CAPEX was Bt20mn versus the guidance

funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the

process and try to obtain new funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade

% 6,078 52.5% 1.0% Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 6 In 1Q19, profitability ratios still maintain resilient showing gross profit margin in line with the same period

volume in the first half of the year, along with effective cost management to maintain profit margin as established.

to maintain production cost as low as possible. The Company is still profitable regularly because there is no risk of fluctuations in the price of CPO. 2.1 The ratio of the cost of refining services to

of increasing working capital of GJ Steel in order to increase sale and maintain continuous HRC production for local market (Separate: Baht 170 million, decreased by Baht 16 million QoQ and decreased