- denominated debt. Economic Outlook for 2020 In 2020, Thailand’s economic growth will likely slow to the range of 1.9 - 2.3 percent on account of several challenges. External factors include a sharp drop in

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring

, while number of visitors from Europe started a significant decline of 51. 2 percent in March, resulting in a total drop of 15 . 0 percent in the first quarter for European market. (Source: Ministry of

0.4% q-on-q (2.37 Baht/KWh in 2018 / 2.38 Baht/KWh in Q4’2018), primarily due to a decrease in the prevailing retail tariff charged by the subsidiary of EVN which our power selling prices are set at a

% down comparing to income tax expense of THB 305.49 million in 2017. A decrease in income tax expense in 2018 was impacted by lower deferred income tax expense comparing to 2017. GFPT Public Company

1.8% from the first quarter of 2019. This was due mainly to the slight decrease in large corporate loans and the increase in realized interest income according to TFRS9. Interest expenses were Baht

for non- movement inventories in amount of THB 2. 88 million and allowance for decline in value of inventories in amount of THB 12. 02 million which accounted only 0.40% of total inventories value. It

) (1,612.81) (1,350.14) Net Cash Used in Financing Activities (54.66) (757.33) (680.20) Net Increase (Decrease) in Cash and Cash Equivalents 322.76 (281.62) 425.39 Cash and Cash Equivalents at the Beginning

(Before Change) Reappraisal Basis (After Change) Increase (Decrease) Assets - Lands - Allowance for Impairment Losses of Lands 553.29 - 795.12 - 249.70 (7.87) Liabilities - Deferred tax liabilities - 49.94