. Payment Period Day 77.38 40.19 13. Asset Growth Rate % 3.55 0.78 Profitability Ratio 14. Liabilities Growth Rate % 11.82 6.02 6. Gross Profit Margin from Sales % 30.25 30.66 Financial Ratio 7. Gross Profit

Profit We had a slightly improved gross profit margin of 46.4% from 46.2% in 1H 2019 and achieved a gross profit of 164.91mb (1H 2019: 126.54mb) , an increase of 38.37mb or 30.3% . TigerSoft contributed

Financial Ratio 6. Gross Profit Margin from Sales 7. Gross Profit Margin from Rent 8. Gross Profit Margin from Management % % % 25.57 43.73 49.80 30.25 50.80 35.38 14. D/E Ratio 15. Interest Bearing D/E Ratio

ending 31 December 2017, our gross profits amounted to THB 4,065 million, up by THB 509 million or 14.3%, and represented gross profit margin of 31.5%, down from 35.8% posted during the corresponding

channel has expanded significantly, as well as effective cost management has resulted in maintaining profit margin at a good level. (2) Analysis of Operating Results and Profitability (2.1) Revenues from

be Baht 446.70 million or an increase of 33.26 percent, due to expansion of distribution channels and effective cost management having resulted in maintaining profit margin at a good level. (2

million, an increase of Baht 46.6 million, or +14.5%, YoY, whereby this is equal to a Net Profit Margin of 7.6 % of total revenues or an increase from the Net Profit Margin of 6.8% achieved for the same

%, representing gross profit margin of 38.9%, an increase from 32.0% gross profit margin in the corresponding period last year, mainly due to the improving margins for the branded products by the Company’s

% 6,078 52.5% 1.0% Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 6 In 1Q19, profitability ratios still maintain resilient showing gross profit margin in line with the same period

profit margin from sales of the Company and subsidiary companies increase 28.71% and 2.25% respectively. It derives from the main income of 11,252.25 million THB in 2018 which increases 17.05% or 1,639.40