from real estate sale in 2018 of 34.8%. Sales and Administrative Expenses (SG&A) The Company’s SG&A in Q4/18 was THB 316.6mn, an increase of THB 86.2mn, or 37.4% YoY, from THB 230.4mn in Q4/17 due to an

manufacturing and cost of sale 1,465.28 96.89 1,306.37 95.27 158.91 12.16 3 Gross profit 46.99 3.11 64.85 4.73 (17.86) (27.54) 4 Sales and administrative expenses 413.90 27.37 309.26 22.55 104.64 33.84 5 Profit

11.63% Other income 19.27 9.54 9.73 101.90% Selling and administrative expenses 107.06 93.90 13.15 14.01% Operating profit 457.27 403.89 53.38 13.22% Finance cost 41.60 33.63 7.97 23.69% Income tax

and rendering of services (excluding fuel cost) 1,218.84 1,194.84 24.00 2.0 Administrative expenses 340.41 405.63 (65.22) (16.1) Finance costs 481.02 161.78 319.24 197.3 Income tax expense 300.49 229.09

290,182.67 Expenses Administrative expenses 15,000.00 1,675,189.77 287,085.09 Total Expenses 15,000.00 1,675,189.77 287,085.09 Profit (Loss) before income tax (15,000.00) (1,674,521.26) 3,097.58 Income tax

for the past periods. 3. Selling and administrative expenses increased by 24.75 million baht due to expenses of 5 subsidiary companies, which increased from the previous year, in total amount of 17.14

increase in administrative expenses was due to (1) employee benefit provision to support the close of Dusit Thani Bangkok hotel at the beginning of next year (2) higher employee expenses to support the

) Administrative expenses 405.63 435.73 (30.10) (6.9) Finance costs 434.76 400.37 34.39 8.6 Income tax expense 229.05 247.06 (18.01) (7.3) Total expenses 2,264.28 2,421.06 (156.78) (6.5) 1,133.06 1,095.13 37.93 3.5

% (8,471) (8,798) 4% Gross profit 1,256 1,647 1,834 11% 46% 2,354 3,481 48% Selling and administrative expenses (158) (168) (207) 23% 31% (344) (374) 9% Operating other income 3 3 3 0% 0% 6 6 0% EBITDA 1,101

) (24.09%) Gross profit 565.75 497.72 (68.03) (12.03%) 1,125.68 985.97 (139.71) (12.41%) Other income 9.34 3.31 (6.03) (64.58%) 29.83 12.85 (16.97) (56.90%) Selling and administrative expenses 104.47 108.07