market. In addition, there were records of the doubtful debt of the long trade receivables, the employee expenses such as bonus and the provision for penalty on project delay. Therefore, comparing the

Financial Policy Ratios Debt to Equity times 0.40 0.42 0.42 Interest coverage times 3,095.00 545.41 222.73 Dividend payout (%) 76.07%* 55.96% 55.68% * Pending approval from the 2020 annual general meeting of

commercially launched in September 2019, an increase in financial cost pressured by incremental debt financing to support business expansion which THB 5,357.8m loan facility to the acquisition of Outriggers was

) (95.93) 1. Revenues from contraction contracts On Q2/2019, the Group has revenue from construction contracts total of Baht 540.31 Million, increased by Baht 199.63 Million or 58.60% compared with the same

Plants generated more electricity than the same period of the previous year. 2.2.2 The profit of Ratchaburi Power Company Limited, a joint venture, in a portion of 25 percent, decreased in the amount of

3 commercial buildings providing net leasable area 124,286 sq.m in total. In the first 3 months of 2019, commercial business generated revenue of THB 173m or 16% increase from the same period last

leasable area 124,286 sq.m in total. In 2Q19, commercial business generated revenue of THB 179m or 20% increase from the same period last year. Main drivers of the growth rate were letting out the space at

million, relatively the same as Q1/2019at Baht 686 million.  CMG: Baht 530 million, down 14% YoY.  Sales ratio of Brand: CMG was 57:43, compared with 53:47 in Q1/2019. Sales Breakdown by Geography

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

to the aforementioned consolidation and cost of digital billboards network. As operating revenue increased more than cost of sale, Gross profit margin grew to 63.3% from 56.1% in the same period last