169 million. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 6 *Annualized ** = EBIT/ Interest expense The Company’s profitability remained resilient in 1Q18, showing improved

fruition and helped Golden Lime to record sales in Q1 2018. The steel industry continued to expand at the start of 2018 as infrastructure and auto demand remained strong. Further volume increase is

repayment of long term debt. Debt service coverage ratio (DSCR) remained strong at 2.09 times, representing the company’s ability to repay its debts.

revenue dropping by 1% as some of the synergies of integrating Saraburi Quicklime start to take effect. Looking at H1 2018 vs H1 2017 SG&A as a percentage of revenue remained constant. On the COGS side

Equity ratio as of August 31, 2018 remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for six month period are 21.6% and 4.3%, respectively. The Company also announces to pay

. Debt to equity ratio improved to 0.86 times due to the repayment of long term debt. Debt service coverage ratio (DSCR) remained strong at 2.13 times.

as of November 30, 2018, remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for nine month period are 21.5% and 4.3%, respectively.

fixed toll revision every 10 years in accordance to the concession which revenue sharing remained as current proportion. 4. The Completion Commercial Operation of MRT Blue Line Project On March 30, 2020

amount. For the quarter, the market volume of energy drink industry in Thailand contracted by 13.4% while Carabao Dang energy drink remained the 2nd largest brand, commanding 21.4% volume share

ratio of Baht 27.33 million or 103.56 % increase due to the abovementioned capital increase. However, there remained the operating loss of Baht 41.71 million. Project on hand as ended 30 June 2020 As