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Retail Corporation Public Company Limited Management discussion and analysis /Page 6 million, offset with the difference in value arising from acquiring of Robison Department store THB 22,809 million and

, shareholders’ equity of the Company was recorded at THB 4,876.66 million. The small rise in shareholders’ equity of 2.39% was mainly due to increasing other components of equity offset with a result of the

decreased by THB 21.3 Mn and this was offset mainly by an increase in working capital due to (1) account payables which increased by THB 17.5 Mn in 2019 compared to a decrease of THB 32.1 Mn in 2018 (change

increased sales of Malaysia dealership was offset by lower sales of Thailand Dealership due to tighter lending policy of auto financing provider. Cost of sales and services increased in accordance with higher

2) Car Dealerships Business; Higher sales in the dealership business in Malaysia was offset by lower sales of Thailand Dealership. Slower car sales in Thailand in 2023 was attributable mainly to

net gain on sales of the investment of THB 30 million in 2Q18 offset with THB 70 million net employee costs from closing Dusit Thani Bangkok in 2018 In 4Q18, Dusit Thani PLC (“the Company”) reported

as well as growth in export volume strongly supported growth in consolidated revenue which partially offset by slowdown in feed sales. The consolidated gross profit in 2017 was THB 2,777.55 million

that Japanese industrial users have traditional long-holiday in Q’4 and many industrial users speed up the production in Q’3 every year. These could not be fully offset by an increase in demand of

of branded product by own manufacture of THB 20 million or 1.4% and a rise in sales of 3rd party product for distribution of THB 69 million or 28.1%, which offset a drop in sales of branded product by