financing activities y-on-y: From unrealized gain of Baht 466 million in Q1’2018 to unrealized gain of Baht 170 million in Q1’2019 due to a 2.0% appreciation of the Baht against the U.S. dollar at the end of

policies of major countries and the Baht’s ongoing appreciation. However, the Thai economy has been supported by the expansion of private consumption, due to an increase in auto sales in the first half of

appreciation. Private consumption grew at a slower rate than in the first half of the year, especially spending on durable goods in line with a contraction in domestic vehicle sales. In response, the government

in trade policies of US and China and global economic, the conflict in the Middle Eastern that impacted global oil price as well as the Baht’s ongoing appreciation. As of November 30, 2019, the

overall 2019 growth at 2.4% the lowest in five years. Exports were hit by trade tensions and the appreciation of the Thai baht had a detrimental effect, which fed through to the domestic economy. The

Investments”) and Dividend Income totalled at Baht 695.9 million, aslo appreciation of Thai Baht (THB) against of US Dollarr (USD), a 246.1% growth from 2Q2016. The breakdown of the Company’s Share of Profit

US Dollar during the second quarter of 2018. As a result, the Company has increased distribution channels to export content, resulting in gain on exchange rate arising. While the Thai Baht appreciation

major renovation of Dusit Thani Philippines, despite the decrease in revenue mainly due to THB appreciation against the US Dollar and Peso, at 10.0% and 13.1%, respectively. • Hotel Management 1Q18

of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of net asset value in AUD currency. 2.2 Share of profits of associated entities and joint ventures

the Company’s Performance for the nine-month period ended September 30, 2019 distribution channels to export content, resulting in gain on exchange rate arising. While the Thai Baht appreciation has