and low spending level in 1Q18. QoQ, marketing expenses declined 4. 6% mainly from lower advertisement. Marketing expenses to total revenue stood at 5.9%, compared to 5.5% in 1Q18 and 6.1% in 4Q18

comfort and convenience. A multi-level rooftop bar and restaurant built around the hotel’s spire will also feature a unique digital gallery showcasing the history of the original Dusit Thani Bangkok and the

currency which could reduce risk from exchange rate fluctuation in a certain level. Besides, the Company has the adaptation plan in respect of various projects aiming to reduce production cost in order to be

consolidated debt to equity ratio was 0.42 time, same level as 0.42 time as at December 31, 2018. As at June 30, 2019, the consolidated interest- bearing liabilities were THB 3,351. 40 million, decreased from

into a restaurant of Carnival Magic Project. The lift will be designed and decorated in a unique carnival theme where it can move up 8 meters from ground level along with the fountain and lighting. It

of gourmet food and beverages in Q2 2018 significantly decreased as compared to the same period last year due to the reduction in the number of employees at the executive level and the control of

was 0.43 time, same level as at December 31, 2017. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 9 of 13 As at September 30, 2018, the consolidated

a result of the marketing activities to stimulate the domestic demand of the branded products under Carabao trademark in all channels which vary by activity level in the period. (b) marketing and

operate its business. In addition, the disposal of such assets is to reduce the assets that have low level of liquidity and are not used efficiently, and the disposal of such assets does not have a

by 1.5% YoY due to Kyat currency depreciation (at constant FX, total Myanmar sales would have been +6.8%). Laos grew 7.5% YoY while Cambodia performance was dragged by high stock level with the