Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

year ended 31 December 2019 E X E C U T IV E S U M M A R Y F IN A N C IA L P E R F O R M A N C E F U T U R E O U T LO O K Key Highlights 2 Q4/2019 vs Q4/2018 2019 VS 2018 • ILM reported net profit in

expenses 1,199.2 1,430.2 1,664.5 (231.0) (16.2) (465.3) (28.0) Profit for the period 166.2 151.7 121.3 14.5 9.6 44.9 37.0 Overall in the Q1-2022, the Thai economy improved compared to the end of 2021

Microsoft Word - MDA_1Q18_DTC_ Eng V2.9 Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 1 Executive Summary The company reported net profit of THB 230 million in 1Q18 driven

.  Net profit in Q3/2017 was Baht 78 million, a decrease of 52% YoY due to 1) higher cost per unit resulted from lower capacity utilization YoY; and 2) higher depreciation resulted from additional

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

partnership will enhance the awareness of businesses to integrate sustainability into their agendas and operations throughout their value chains, and thus contributing to further success of quality

days 66 69 72 Cash Conversion Cycle days 84 81 75 Finanial data and profitability ratios Sales revenues million baht 53,067 49,224 46,887 %change (%) 7.8% 5.0% (0.11%) Gross profit million baht 12,123

improve the sales and ownership transfer volume of the Company. In 2019, the net profit of the Company and subsidiary companies has increased from that in 2018 because of better operational efficiency. The

664.30 -76.61 -1.53% 581.34 659.12 -77.78 -1.80% Profit from the sale of claims on accounts receivable and brand rights 18.80 - 18.80 N.A. Sharing of gain (loss) from investment value of the associate and