services 59.31 64.61 (5.30) (8.20) Total Costs of Sales and Services 167.80 182.83 (15.03) (8.22) Gross Profit 57.22 65.77 (8.55) (13.00) Other incomes 1.16 5.31 (4.15) (78.15) Distribution costs 18.00 17.80

off with cash outflow for expenses and income tax payment Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 7  Cash inflow from financing activities of THB 153 million mainly

of cash inflow from sales and services, offsetting with cash outflow for expenses and income tax payment • Cash inflow from financing activities Baht 1,820 million consisted of proceed of short-term

of cash inflow from sales and services, offsetting with cash outflow for expenses and income tax payment  Cash inflow from financing activities Baht 1,820 million consisted of proceed of short-term

, Commercial & Industrial and Construction Machinery & Materials. Corporate Lending provides lending services to listed companies and large corporates or financing for investment banking transactions of Capital

) from Baht 2,600 million as of 31 December 2019. Source of Funds The Company had net cash inflow of Baht 190 million consisting of the followings; • Cash inflow from financing activities mainly consisting

offered for sale 3. Sources of the pricing of the securities being offered for sale 4. Price of the ordinary shares in the secondary market 5. Subscription, distribution and allocation Contents (continued

the principal distribution channel that has been increasing consecutively, from the customer base expansion in accordance to the Company’s strategy, as well as the fact that the Company has begun

the Information Memorandum on Acquisition of Assets of Production and distribution of water supply project (Rev1) on March 2, 2018 The Company would like to inform the amendment of such information as

) 14.64 14.70 Gross profit (loss) 7.46 6.13 2.52 2.47 4.94 196.12 Other revenues 2.33 1.91 4.16 4.07 (1.83) (44.09) Distribution cost (5.15) (4.23) (6.56) (6.42) (1.41) (21.54) Administrative expenses