caused, revenue from sales of domestic and export decreased about 12% and 18% respectively. Analysis of Profit (Loss) of company and its subsidiaries In 2018, the company and its subsidiaries have loss for

amount of Baht 26.28 million. The service cost was Baht 13.40 million. Gross profit from the service of advertising board renting was equivalent to 50.96%. 2 . Income earned from fine imposed for the

ratio at 87.70% (2018 : at 97.19%) which effected to the company has a gross profit of Baht 22.62 million increasing from last year 441.95%. 3) Selling expenses increasing from last year amounting of Baht

caused, revenue from sales of domestic and export decreased about 5% and 16% respectively. Analysis of Profit of company and its subsidiaries The Q2/2019, the company and its subsidiaries have loss for the

caused, revenue from sales of domestic and export decreased about 20% and 12% respectively. Analysis of Profit of company and its subsidiaries The Q1/2018, the company and its subsidiaries have loss for

sales to sales by 90.1%. The company has a gross profit of Baht 17.8 million. 3) The administration expenses increased by Baht 0.5 million compare to the quarter 2/2017. (quarter 2/2018 was in Baht 17.8

%. These caused, revenue from sales of domestic and export decreased about 5% and 14% respectively. Analysis of Profit of company and its subsidiaries The Q3/2018, the company and its subsidiaries have loss

ended 31 December 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2019 31 December 2018

75,532 67,756 Total expenses 104,376 125,099 115,777 Profit (loss) before finace cost and income tax expense (30,880) (29,422) (24,440) Finance costs (323) (399) (448) Income tax (expense) benefit

Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a g e | 1 Executive Summary In 9M19, Dusit Thani PLC (“The Company”) reported the net profit including attributable to non