: Executive Summary The operating results for the year ended 31 December 2018 were that the Company generated total revenues of 8,813 million Baht, a decrease of 457 million Baht or 5% as compared to 2017. This

Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year

due to the Company increased its content acquisition to support the growth of the business and the fact that in 2018 the Company organized its annual event in the third quarter (during August) while in

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

total revenue for the year ended 31 December 2018 increased 23.11% from the last year, the Company increased its content acquisition to support the growth of the business and the fact that in 2018 the

Robinson Lifestyle Center in Chonburi, and the decrease in selling and administrative expense. Financial Summary for the three-month period ended September 30, 2019 and September 30, 2018 Three-month period

specialty retail category expansion and growth of online and omnichannel sales, partially offset by a slight decrease in sales of goods our Italian department store category, attributable to the closure of

-based purchases led to increased trade discounts, thereby boosting gross profit (GP). However, the growth in GP for Q3 showed a decrease compared to the first half of the year, mainly due to promotional

opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

profit of THB 2,916 mn, an increase of 7.2% YoY (for nine months of 2019, the figure stood at THB 8,454 mn, a decrease of 0.3% YoY) mainly from solid revenue growth, well-controlled expenditures, and