% Gross Profit 174.10 38.69% 154.40 39.05% (19.70) (11.32%) Other Revenue 9.63 2.14% 17.14 4.33% 7.51 77.99% Selling Expense (50.80) (11.29%) (54.80) (13.86%) 4.00 7.87% Administrative Expense (42.75) (9.50

-13.36 -14.29 8.20 -61.38 -9.13 -63.89 -18.52 -30.16 11.64 -38.59 Income tax (expense) revenue -0.30 -1.52 -1.56 1.22 -80.26 1.26 -80.77 -1.82 -1.10 -0.72 65.45 Net profit (loss) -5.46 -14.88 -15.85 9.42

405.44 40.55% 302.88 39.22% (102.56) -25.30% Other Revenue 24.06 2.41% 27.99 3.62% 3.93 16.33% Selling Expense (103.76) -10.38% (110.85) -14.35% 7.09 6.83% Administrative Expense (84.64) -8.47% (100.14

million to THB 333.40 million or decreased THB 30.19 million or 8.30% due to the revenue of films’ rights distribution decreased. Cost of Production and Service / Expense of Sale and Management 1. Cost of

the same period last year due to the increased of machine repairing expense and legal & other consulting fees. In addition, the company has recognized doubtful account increased amount of 241.80million

in subsidiary - (25) 25 100.00 Loss on exchange rates (4,456) (2,971) (1,485) 49.98 Profit (loss) before finance cost and income tax expense 5,403 (4,952) 10,355 209.11 Finance cost (2,962) (485

decreased from THB 78.13 million to 42.29 million or decreased THB 35.84 million or 45.87% because there were less movies exhibition in the theatre than last year. 2. Selling and Service’s Expense Selling and

was 18 the same as last year. The second quarter in 2020, the company distribution costs and administrative expense 41.5 Million Baht and 56.7 Million Baht in 2019, compared with last year were

causes the company's revenue in 2022 to postpone the delivery of some projects according to the delivered equipment. The main factor for the decrease in revenue in 2022 is that the company does not have

-19 Interest coverage ratio (time)** 0.36 -1.03 4.22 ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 8 2020 Outlook In addition to the domestic and the