, Myanmar and Philippines. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 2 On 23 April 2018, the annual general shareholders’ meeting approved a 2017 dividend payment of THB 134.3

an unfavorable condition of the Company’s traditional trade channel because of the terminated contract with the distributor, which was effective since 30 June 2019. Further in this year, the period

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

previous trade creditors of the Company. In this regard, on March 15, 2017, the Company received a letter from ACO I to confirm the amount of transferred debt as at February 28, 2017, of USD 226,331,648, or

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

sentiment. Meanwhile, exports and tourism expanded at a slower pace, partly due to the impact of the US trade policies and a drop in Chinese tourist arrivals. Headline inflation in the third quarter of 2018

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing

4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018

net profit increased by Baht 172 million or 23% even though the company did not receive dividend income from Ratchaburi Power Company Limited (RPCL) as in Q1/2017. The increase in net profit is mainly

. Furthermore, in Q3/2017 GPSC received dividend income from Ratchaburi Power Company Limited (RPCL) amounting to Baht 150 million and recognized income from the contractor at IRPC-CP Phase 1 amounting to Baht 66