1 of 9 Management’s Discussion and Analysis for the performance of the year 2019 Business Overview For the ended of the year 2019, S Hotels and Resorts Public Company Limited (“the Company”) had total

sustainable growth and returns while maintaining our market leadership under sound corporate governance and appropriate risk management. Guided by our core strategies of “Customer Centricity”, KBank has decided

(Unreviewed) as follows: Performance Overview In the first quarter of 2018, the net profit was 363.54 million baht, an increase of 117.73 million baht or 47.89% from the same period of the prior year. The total

) as follows: Performance Overview In the first quarter of 2018, the net profit was 363.54 million baht, an increase of 117.73 million baht or 47.89% from the same period of the prior year. The total

: Performance Overview In 2018, the domestic economic have signed to expand from the tourism sector improvement, Private consumption and private investment also improved, This was the company achieved expansion

(Unreviewed) as follows: Performance Overview In the second quarter of 2017, the net profit was 258 million Baht, an increase of 41.38 million Baht or 19.10% from the same period of the prior year. The total

(Reviewed) as follows: Performance Overview In the second quarter of 2017, the net profit was 258.00 million Baht, an increase of 41.38 million Baht or 19.10% from the same period of the prior year. The total

(Unreviewed) as follows: Performance Overview In the third quarter of 2017, the net profit was 301.99 million baht, an increase of 83.84 million baht or 38.43% from the same period of the prior year. This was

(Reviewed) as follows: Performance Overview In the third quarter of 2017, the net profit was 301.99 million baht, an increase of 83.84 million baht or 38.43% from the same period of the prior year. This was

follows: Performance Overview In 2017, the domestic economic have signed to expand from the tourism sector improvement, Private consumption and private investment also improved, This was the company