September 30, 2018, the Company had operating profit of the equity holders of THB 7.48 million, a decrease of THB 23.55 million or 75.89 per cent, compared to the same quarter in 2017. The main reason is as

No. SN.LK.63.05.0006 May 14,2020 Subject Management Discussion and Analysis Quarter 1 Ending 31 March 2020 To The President The Stock Exchange of Thailand Indara Insurance Public Company Limited

the Company 3,973 18.9% 4,726 33.2% -15.9% Non-controlling interests 692 3.3% 1,179 8.3% -41.3% Total shareholders' equity 4,665 22.2% 5,905 41.5% -21.0% Dusit Thani PLC Management Discussion and

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วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 003/2018/EN 26 January 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the year ended 31 December 2017 To: The President of