% decrease from 3Q18. Net gains on exchange rate at THB 312m mainly attributed to the decrease in 3Q19 net profit. Page 8 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019
Analysis for the year 2019 4 Accounting Standard. Other income which consisted of dividend income, consequently increased in the year 2019, in accordance with a decrease in share of profit from investments
revenue of Baht 390 million for the year 2019, decrease by 8.2% yoy. This decrease was from a decrease in profit sharing from Le Cordon Bleu Dusit due to an increase in rent and depreciation expense in
year 2019, decrease by 8.2% yoy. This decrease was from a decrease in profit sharing from Le Cordon Bleu Dusit due to an increase in rent and depreciation expense in relation to the Institution
decrease in share of profit or voting rights in CAZ decreased from 51.30% to 36.64% or equivalent to 14.66%. However, CAZ will still be the Company’s subsidiary after IPO as the Company still has control
performance of the Group Unit: Million Baht 2019 2018 Increase (decrease) Variance (%) Total revenues 6,797 8,080 (1,283) (16%) Net profit 331 526 (195) (37%) The Group’s total revenues for 2019 amounted Baht