conversion cost. Cash conversion cost mainly increased from the increase of Graphite Electrode’s price. (Separate: Baht 4,724 million for the year 2018 and Baht 11,240 million for the year 2017, decrease Baht

still intense competition together with exchange rate fluctuations causing the sales of this product of the company to decrease. However, the company expects that with the strength of sale channel and

tourism in Thailand that led to a continuous decrease in number of tourists especially from China which is our target customers. The Company was responsive of the situation and formulated new strategies and

2017 in the amount of 186.45 million baht vary by amount of projects that the company has delivered to the customer. - Cost of sale of industrial equipment 1.81 million baht, a decrease of 0.75 million

-0.7% resulted from decrease in number of tourists of the subsidiary. million % Sales of tickets 341.97 336.23 5.74 1.7 Sales of food and beverages 106.34 111.83 (5.49) (4.9) Other revenue from

, the revenue can be recognized in 2018, which is the main income from the sale of real estate. Income from sales of townhouses amounted to 8.57 million Baht, a decrease of 25.77 million Baht or a

margin in 2017 was 30%, which is considered high compared to other competitors, although it is lower than the previous year. The decrease was due to the impact of a change in foreign currency exchange

share of THB 0. 001, comparing to a net profit of THB 34. 81 million or earnings per share of THB 0. 035 during the third quarter last year, a decrease of THB 33.42 million or 96.01%. Net profit for the

Operated by For the three-month period ended 31 March % Change Increase (Decrease) 2017 2016 THB mm % THB mm % Sales 1. Sales from dessert café Company 153.94 97.56 137.01 98.75 12.36 2. Sales from catering

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period