utilization rate to available capacity, and eventually a higher cost of goods produced and low margin. To offset a slowdown in orders, the Company reduced costs by obtaining better sources of raw materials

2017 compared to Q4 2016: Q4 2017 Q4 2016 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and service income 209.13 181.21 27.92 15% Gain from exchange rate 0.44 0.57 -0.13 -23% Other income

reported an increase of 2.3% from the previous year, excluding DPKO, mainly attributed to the increase in the occupancy rate of Dusit Princess Srinakarin following the rise in business groups, and the

% Gain from exchange rate Other income 3.03 2.10 0.94 45% Total revenues 295.72 233.17 62.55 27% Cost of sales and services 208.23 159.63 48.60 30% Gross profit 84.46 71.44 13.01 18% Gross profit margin 29

service income 301.56 201.46 100.10 50% Gain from exchange rate Other income 1.65 1.21 0.44 36% Total revenues 303.21 202.67 100.54 50% Cost of sales and services 226.71 149.07 77.64 52% Gross profit 74.85

and total liabilities stood at THB 6,714.9mn. • Debt to Equity ratio2 equals 1.00 times as of 31 March 2020, decreased from 1.04 times as at end of 2019. Operating result 1Q/2020 Revenue Source of

( COVID-19) situation has improved domestically, following a significant reduction in the number of local infections. However, the continued high rate of overseas infections, combined with Government fears

15,464 1,240 8.02% Gross Profit 1,685 1,275 410 32.17% Gross Profit Margin (%) 9.16% 7.62% SG&A expenses 1,091 854 237 27.72% Loss on exchange rate 189 16 174 1120.52% Loss on change in status of

between the U.S. and China caused lower global trade volume. The tourism sector also expanded at a slower rate mainly from Chinese tourists. The domestic demand grew at a slower rate resulted from private

, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments in debt and equity securities for the Company’s own account, bond dealing, private repos and other investments. KGI Securities