Baht because the company has stopped transferring water from Nongplalai reservoir to Chonburi area in consistent with the sufficient water supply in Chonburi area. Therefore; gross profit margin of raw

of international tourists. Private investment is prone to recover in the second half of 2017 especially in automobile equipment, consistent with significant growth of passenger car sales in Q3

marketing activities to educate the water quality, which is consistent with the business model of the customer group continuously. Include activities to promote and educate cleaners and disinfectants to

% YoY), or net profit* margin of 12.0% 2019 Business outlook Osotspa 2019 strategy and revenues growth target are consistent with mid-term strategy guidance, which the Company expect revenues to grow mid

also organized the marketing activities to educate the water quality, which is consistent with the business Management's Discussion and Analysis and operating results for the Year 2018 Page 2 / 10 model

totaled Baht 1,386 million, an increase of 21.2% yoy from the growth in deposit consistent with the overall expansion in loan portfolio. Cost of funds for 1Q19 remained stable at 2.3% comparing to 1Q18. For

Company earns consistent revenue and manage assets at the utmost benefits. • Additional revenue from other service businesses include outside catering (Dusit Event), housekeeping services (Dusit on Demand

in TTW from investment in associated company to investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company

Office business continues its consistent performance. The revenue is contributed mainly by TST Tower (Bangkok) and 33 Gracechurch, (London). Office business in Thailand remains a landlord friendly market

basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the