cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and
share of losses in 2016, mainly driven by a significant decline in loss from Dusit Fudu Hotel Management in China due to an effective cost control. Dusit Thani PCL Management Discussion and Analysis 2017
FPT’s fuel pipeline at Phayathai train Station, both principal and interest of Bt38.6 million, and the reversal of the provision of Bt29.4 million was due to the relocation of its pipeline at Bang Sue
from hotel business with maintaining flat cost of sales and services together with increase in Other Income, contributed by the gain on sales of long-term investments. This resulted in a 31.0% yoy
stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure slightly declined from the high base of last year. For export
equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure
relocation of garment manufacturers to Vietnam. The garment industry in Thailand has continued to shrink. Products of the Company: For elastic segment for baby diapers; The major manufacturers have switched to
increased 63.10 percent due to higher gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated (Thousands Baht) Year Change 4th Quarter Change 2018 2017 Amount % 2018 2017 Amount % Cost of
incomes increased 0.22 million baht. Total increased 1.26 million baht. Cost of sales for the three months ended March 31, 2017 amounted to 31.76 million baht. (2016: amounting to 29.19 million baht) The
incomes decreased 0.47 million baht. Total decreased 5.78 million baht. Cost of sales for the three months ended March 31, 2019 amounted to 30.00 million baht. (2018: amounting to 28.26 million baht) The