- (354) (354) (100.0) - (1,089) (1,089) (100.0) Total comprehensive income for the year 84,318 88,483 (4,165) (4.7) 111,074 101,918 9,156 9.0 Gross profit margin 23.6% 24.3% (0.7%) 23.6% 22.5% 1.1% Selling

181 -10.3% 43.8% Adjusted net profit3 157 227 240 5.9% 53.3% Gross profit margin 57.2% 60.4% 60.6% EBITDA margin 32.1% 45.4% 38.0% Adjusted EBITDA margin 35.4% 46.1% 44.2% Net profit margin 16.3% 20.6

Margin (GPM) In 2Q19, gross profit from sales of real estate was THB 179.1mn, where GPM was 26.1%, declined from THB 215.8mn in 2Q18, where GPM was 27.9%. The decline in gross profit was because 22.3% of

Company’s gross profit margin significantly decreased from 43% in 1Q2019 to 41% in 1Q2020. The lower gross profit margin attributed to revenue mix which is less contribution from revenue from residential

% 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 THB 200.5 mn represents an increase of net profit margin 25.7% when compared to the previous quarter and increase of 33.1% when compared to the same period of last year regarding the change of cost

from THB 89.6 Mn in 2016 to THB 81.8 Mn in 2017 with profit margin decreasing from 4.1% to 3.3% and this was a decrease of THB 7.8 Mn or 8.7%. The main reasons for the decrease were the increase in

profit margin (%) 53.94 49.86 Unit : Million Baht Performance 4 | Padaeng Industry Public Company Limited and its subsidiaries Metals trading business The Company reached net profit from discontinued

21.66 12.88% EBIT 74.01 160.8 -53.97% Net Profit 63.05 130.46 -51.67% Basic Earnings per Share (Baht) 0.32 0.65 -50.77% Thus, the gross profit margin was at 11.70%. After deducted the financial cost and

to THB 10.1mn from THB 12.7mn in 9M18 due to the F&B business setup cost during 2018, as explained above. Gross Profit and Gross Profit Margin (GPM) In 3Q19, gross profit from sales of real estate was