long-term loan from Financial Institutions in 2019. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 6 Net Profit In 4Q19, the Company had the net profit including
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flexibility of GPSC Group’s financial management via local and international funding, foreign exchange management, and cash management activities. The establishment of the GPSC TC is to support the expansion of
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