exchange transactions and dividend income declined. Impairment loss of loans and debt securities rose by Baht 1.3 billion, while operating expenses decreased by Baht 157 million. Consequently, net profit

: Adjusting some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to

advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to recognize CMG

Microsoft Word - MDA_2Q18_DTC_EngV6 Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 1 Executive Summary The Company reported net profit of THB 1 million in 2Q18

some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to recognize

million as at December 31, 2017. The main reasons were as follows: 3.3.1 The profit of the year 2018 in the amount of Baht 5,587.60 million 3.3.2 The dividend payment during the year 2018 decreased retained

% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited

SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 1Q 2017/18 4Q 2017/18 1Q 2018/19 QoQ (%) YoY (%) Operating revenue 852 1,128 1,077 -4.6% 26.5% Cost of sales 356 406 392 -3.5% 10.1% Gross profit 496

, an increase of 9.9% yoy from net loss of THB 55 million in 3Q17. In 9M18, net profit was THB 170million, an increase from net loss of THB 23million in 9M17, mainly driven by the continuous growth of

companies. (3) Comprises of total revenue net dividend income, gain on foreign exchange, interest income and non-operating revenues. 11 ASIA’S BOUTIQUE AIRLINE Operating Profit and Net Income The operating