.................................................................................................... 5 Management service ....................................................................................................................................... 6 Construction service
revenue from hotel management was THB 53 million, a decrease of 1.9% yoy, mainly due to the decline in the UAE’s hotel performance from room supply in the market being over the number of visitors. Dusit
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high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period
Page 1 of 3 GEL.CS.003/2562 28 February 2019 Subject: Management Discussion and Financial Analysis for the operating results as at December 31, 2018 To: Director and Manager The Stock Exchange of