Human Resources related expense, maintenance expense of the Hydrogen Production Unit, Marketing Business’s new product promotion expense and Non-Oil expansion expense, also a higher depreciation expense
Profit from Operation was Baht 139.3 million, a 1.7% decrease from Baht 141.8 million in 2Q2018 due to the higher depreciation expense from the expansion pipeline system. In 1H2019, Gross Profit from
expense related. Furthermore, the existing subsidiaries and other newly incorporated are during its expansion phase and thus require more expense. On this note, the company hopes that after these
stage profit margin of 2 hotels in Crossroads project phase 1 which commercially launched in September 2019, an increase in financial cost due to business expansion, growth in income tax expense pressured
%. An increasing was mainly from administrative expenses which results from bad debt allowance in lending business and personal expense increase from business expansion. Operating profit in 2017 was 1,109
relatively flat compared to 33.5% in 2018 due to higher depreciation expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or
expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or decrease by 4.2%. 6 2. FINANCIAL POSITION The Consolidated Balance
maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019
from higher staff cost, shop expansion & renovation, and the one- time expense of Bt134mn regarding withholding tax in 3Q18. In 2018, %bad debt to postpaid revenue declined to 3.8% , compared to 4.3% in
administrative expense to support business expansion. Without the non-recurring profit related to sale of Dusit Princess Korat, core EBITDA was THB 806 million, a 12.3% decrease from 2016. The Company reported net