owned college in next year. In 4Q18, EBITDA from Education Business was THB 32 million, increased by 18.5% yoy, due to decrease of administrative expenses of education business. Other Business Revenue
the pre- launch stage while there was Lyceum fee revenue from Colleges in Philippines in 2018. However, there was an increase revenue from Dusit Thani College from changing the strategies to focus on
business Revenue from education business increased by 2.8% yoy to THB 84 million thanks to higher academic service from Dusit Thani College. There was no revenue contribution from Dusit Thani Hotel School
Center (DTEC) led by Dusit Thani College. Share of profits from investments in 2017 was THB 13 million, a 56.7% decrease yoy, primarily attributable to a decrease in number of students at Le Cordon Bleu
Amortization in 2Q18 was 8 million, a decrease of 33.3% yoy, due to the full depreciation of some assets of Dusit Thani College. Other Business The Company had revenue from Other Business of THB 87 million in
expansion and increase in loss sharing from Dusit Hospitality Education Philippines Inc. which planned to open later this year. Dusit Thani College has better revenue from changing its strategies to focus on
Srinakarin; the renovation of Dusit Thani College; the investment in IT system and software as well as the head office relocation - THB 270 million for mixed-use project development - THB 300 million for new
administrative expenses. In FY2018, it had the revenue from the Lyceum fee charged to Colleges in Philippines but no more this revenue in FY2019. Dusit Thani College gained more revenue in this year from focusing