currency from “Thai Baht” to “US Dollar” from FY2019 in order to appropriately reflect the change of the Company’s foreign currencies operation as well as in considering more distinct foreign functional

Thai hospitals due to credibility of quality and standard of medical treatment amid upward trend of expatriates and medical tourists; and (iv) plans by existing hospital operators to invest in new

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

. Including uncertainty from the US economic policy Therefore, the overall of the world economy is growing at a slower rate. While the Thai economy continues to grow at a slow rate as well Although the economy

, Rama 2, Ngamwongwan, Rama 5, Bang Yai, Nawamin, Saphanmai, Seri Thai, Phetchaburi, Ram-Intra KM. 10 and Salaya. Other provinces /3 Total 11 branches have been operated since year 2016: Nakorn Panom

amount of 36 Million Baht in compliance with Thai Accounting Standard No.37. 5 However, this transaction would be review quarterly until the end of project and would be reversed if the company is able to

project is currently in the stage of demolishing the office buildings (Olympia building and Thai Life Insurance building) and commercial buildings on the additional land adjacent to Dusit Thani Building

previous year, compared with the net profit of Baht 176.56 million in previous year. The overall increase in sales is due to the recovery of the Thai economy in 2017, driven by strong tourism, exports and

DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2018 2 2. ECONOMIC SITUATION Thai economy for the 5 months ended May 2018 continually expanded, supported by

Thai Police Office for procurement of 1,482 camcorder cameras on the police stations. Retail business The Company had gross profit for the second quarter of 2018 amounting to Baht 230 million, which was