Microsoft Word - MDA_2Q18_DTC_EngV6 Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 1 Executive Summary The Company reported net profit of THB 1 million in 2Q18

growth rate of total revenue was higher than the growth rate of total expenses, the Net profit attributable to Equity holders of the Company was of Bt322.6 million, an increase of Bt17.0 million or 5.6%(y

increased by 3.9% ( y-o-y) , resulting in the net profit attributable to Euity holders of the company in the year 2019 amounted to Bt939. 9 million decreased by Bt110. 7 million or 10.5%(y-o-y) , with a net

expenses at 3.7%(y-o-y), the Net profit attributable to Equity holders of the Company in 2018 were of Bt1,050.6 million which increased by Bt80.0 million or 8.2%(y-o-y), representing the Net profit margin of

Company in 2018 was amounted to Bt1,050.6 million, increasing by Bt80. 0 million or 8. 2%(y-o- y) , representing Bt1. 65 earnings per share with the Net Profit margin of 29. 2%. Thus approximately 87% of

profit attributable to the Equity of the Company in Q1/2019 was amounted to Bt347.9 million, increasing by Bt25.3 million or 7.8%(y-o-y), representing Bt0.55 earnings per share with the Net Profit margin

earnings as at January 1, 2020. Please be informed accordingly (Ms.Onchulee Lawsmithikul) Company Secretary

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

(F53 N.D. Rubber Public Company Limited (“ No.5/2017 held on November 26, 2017 which has the material resolutions as follows 1. Approved to propose the Shareholders’ Meeting to approve the Company to

- Translation - Management Discussion and Analysis of the Company’s Performance for the year ended 31 December 2018 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and