year 2019, decrease by 8.2% yoy. This decrease was from a decrease in profit sharing from Le Cordon Bleu Dusit due to an increase in rent and depreciation expense in relation to the Institution
a profit sharing from Le Cordon Bleu Dusit due to the incremental expenses relating to the institution relocation, the increase from a loss sharing from Dusit Hospitality Education Philippine as in
the areas that lifted the lockdown or not required cooperation to close, the Company will be ready to re-open the hotels immediately. Education Business: • Dusit Thani College and Le Cordon Bleu Dusit