expenditure of governmental sector and consumer of private sector. Those economic conditions influence the previous Quarter / that the Group gained more revenue from product distribution and service business at
expenditures are at a high level. The government's capital expenditure expanded mainly in line with the disbursement of transport agencies. However, the overall performance of the company in Q2–2021 showed that
Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year
of the Annual Budget Expenditure Act, and the drought that would affect a large number of related businesses and employment. Number of tourists was expected at a much lower number than the previous
containment measures in Thailand. With regards to domestic demand, public expenditure would remain an important economic driver. Meanwhile, private consumption should gradually pick up compared to second
the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more
selling. As a result, the number of projects will increase from year 2022 and the overall gross profit margin of year 2023 decrease slightly. This is because the number of projects in the market is quite
marketing events in the first quarter of 2018 than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The Company efforts to carefully control promotion expenditure. Thus, 1Q18
profit of Bt516.7 million in 1Q18, representing a reduction of 13.5% Q-o-Q and 22% Y-o-Y. The decrease was primarily due to an increase in the cost of goods sold, a reduction in gross margin and the effect
% Y-o-Y and an increase of 1.5% Q-o-Q. The Y-o-Y decrease was primarily attributed to the reduction in gross profit rate, the substantial effect of a change in foreign currency exchange rates and an