Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of
decrease in revenue from Dusit Thani College and the increase in share of losses from investment in Dusit Hospitality Education Philippines Inc. from increase in personnel cost in preparation for new college
117 million has split into 3 transactions and it will be complete after completing the condition stated in the agreement. The first transaction; 51% of total share with the value of USD 2.04 million or
reported a decrease of THB 142 million in revenue from the closure of Dusit Thani Bangkok. Education business reported a decrease of THB 4 million from decrease of share profit on investments). EBITDA of
in Hotel Business. Other Business growth came from the gain from the sale of investments, the share of profit from investment in food business (as invested in 1Q18), and gain on foreign exchange rate
from Dusit Thani College and the increase in share of losses from investment in Dusit Hospitality Education Philippines Inc. from increase in personnel cost in preparation for new college opening in 2019
. However, EBITDA declined by 5.8% yoy to THB 135 million due to higher administrative expenses and higher share of net losses from investments by the equity method. The Company reported net loss of THB 55
Center (DTEC) led by Dusit Thani College. Share of profits from investments in 2017 was THB 13 million, a 56.7% decrease yoy, primarily attributable to a decrease in number of students at Le Cordon Bleu
million for 850 million ordinary shares at THB 0.158 per share. Business Segment Performance In 1Q18, total revenue was THB 1,698 million, a 12.5% increase on last year. Total revenue and EBITDA breakdown