Microsoft Word - MDA_DTC_EN_3Q19_V3.1 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

business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 969.4 million in Q1/2018, decreased Baht 102.6

business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 3,660.4 million in 2018, decreased Baht 67.1

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 948.70 million in Q2/2017

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 863.2 million in Q3/2017

margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 3,727.5 million in 2017, decreased Baht 251.0 million from Baht 3,978.5

business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 920.1 million in Q1/2019, decreased Baht 49.3

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 855.3 million in Q2/2019

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 917.7 million in Q2/2018

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 923.6 million in Q3/2018