due to the decrease of Operating Revenue of Self- Managed Hotels and Outrigger Hotels from COVID-19 pandemic. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels
service revenue (excluding IC and TOT partnership) was Bt32,353mn, flat YoY and QoQ from a decrease in mobile revenue offset by solid growth in fixed broadband and enterprise segment. Mobile revenue was
declined -2.7% mainly from decrease of long-term lease liabilities and spectrum license payable. Interest- bearing debt stood at Bt87,190mn, decreasing slightly by -0.7%. Net debt including lease liabilities
the mutual fund invests will decrease relatively to the remaining period in which the mutual fund is entitled to receive benefits from said revenues. However, the amount of the decrease may vary each
dessert café franchise in Hong Kong. • Revenue from Catering and Pop-Up in Q3/2022 was THB 12 million, slightly decreased by THB 1 million or 8% from Q3/2021 due to the slight decrease in average sales per
growth. However, China operations decreased slightly by 4.8% due to the rapid spread of Covid-19 after the relaxation of China’s zero Covid policy during December which resulted in a decrease in automobile
optimization. • Other costs of service was at Bt2,487mn, increasing 3.9% YoY from higher international call cost in line with revenue while decreasing -6.3% QoQ following a decrease in cost of cloud sales. SIM
decreased by Baht 459.0 million, largely attributable to decrease of trade account receivables and inventories. Total liabilities decreased by Baht 1,236.1 million, largely attributable to decrease of trade
million or 40% from Q3/2022, corresponding to the increase in sales revenue, as well as the decrease in costs from higher production volumes and in economies of scale. • Gross Profit Margin in Q3/2023 was
cafés as well as the Company's ability to manage costs effectively. EBITDA margin in 2023 was 31.8%, slightly decrease from 2022. E B I T D A a n d E B I T D A M A R G I N : Q 4 / 2 0 2 3 K e y F i n a n