stage of production; therefore, the production is unable to operate at its full capacity. Moreover, an increase in prices of sugar and garlics, which are the main raw materials used in the production, has

marketing communications business to government and private sectors in this quarter such as concert stage equipment rental, revenue recognition of the 2020 in Dubai, United Arab Emirates World Expo that

factory was in the early stage of production; therefore, the production was unable to operate at its full capacity. Selling Expenses Selling expenses in 3Q18 were at Baht 16.26 million which decreased by

return e.g. Epicure Catering Company Limited, while some investments are in the beginning stage and will gradually generate revenue and profit in the future e.g. Dusit Suite Ratchadamri Hotel Bangkok, ASAI

evaluated as the early stage into the transition of the company to new sustainable business. To enhance its return to profitability, PDI will: • Carefully screen its assets and sell those that are no longer

them generated immediate return e.g. Epicure Catering Company Limited, while some investments are in the beginning stage and will gradually generate revenue and profit in the future e.g. Dusit Suite

internal resources and financing through our routine funding sources. At this stage, the Bank does not expect to raise equity specifically for the purpose of funding this Transaction. 5. Transaction

from early stage of mass production of new products. However, the problem was resolved at the end of the last year, therefore, this year’s gross profit was better than same period of last year

initiative is expected to boost Thai businesses’ adaptation and emphasis on the importance of sustainable goals. This will contribute to stronger competitive edge on the global stage and align with

12.93 * = Annualized Dusit Thani PCL Management Discussion and Analysis For 3Q17 and 9M17 P a g e | 7 Currently, the Company is in the first 3 years of strategic plan (2016-2018) which is a crucial stage