high volume of Palm oil in the market. However, the company remained Adjusted EBITDA of Baht 660 million in quarter 1/2016, increased from quarter 2/2016 Adjusted EBITDA of Baht 323 million and increased

countries in June 2017 was 73%, increased by 1.4% compared to the same period of previous year, and increased from May 2017 by 1.3%. This shows that the world steel industry remained stable and likely to grow

margin remained negative at -4.9% and partly reflected competitive handset subsidy campaigns, compared to -2.7% in 2Q17. However, the margin improved from -16% in 3Q16, when aggressive handset campaigns

fragile, others remained mired in uncertainty in terms of new modes of competition, a broader marketplace within the ASEAN Economic Community (AEC) and the digital age, along with external changes

oil inventory remained high, crude palm oil (CPO) price continuously declined, as well as Crude Palm Kernel Oil (CPKO) price decreased. This year, the Thai government biodiesel mandate was set to B5 and

-150 grew by 1.4%. Chalarm continued its strong momentum after the newly launched Black Galingale variant in August 2018 where sales grew +17.2% YoY. Som In-Sum growth remained strong (+37.8% YoY

hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19 remained stable at 4.1% from the end of 2018. On Special Asset

pricing remained highly dynamic, where price plans with large data volume were offered at low ARPU, pressuring the effort to increase ARPU. The price competition in fixed broadband market was mainly

shareholders' equity 6,032 60.0% 5,881 58.9% 2.6% Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 10 Profitability ratio remained resilient in 2Q18, showing improved EBITDA margin

Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained