, Increase (Decrease) % Revenues from sales and services . . . .% Gross profit from sales and services . . . .% Other income . . . .% Selling expenses (.) (.) . .% Administrative expenses (.) (.) . .% Net

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

THB 325 million in correspondence to the group’s asset restructuring. Without this non-recurring gain, total revenue was THB 5,245 million, a 3.3% decrease from 2016. The decline was attributable to the

) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue

, Ministry of Tourism & Sports). Additionally, The Chinese government announced a ban on outbound group tours since 24 January 2020. The Company was fully aware of the situation and took actions by

% Profit for the period 70.4 95.2 -26.0% 96.7 -27.1% % 10.3% 12.3% 12.0% Q4 Million Baht Q1 nationwide From March 22, 2020, in order to reduce the spread of covid-19, in reality, people are becoming aware of

: 1. Sales Revenue 1.1 Sales revenue for the 3-months period ended 31 October 2019 For the 3-months period ended 31 October 2019, INGRS registered sales revenue of Baht 695.34 million, a decrease by

our staff and customers remains our top priority. The Company constantly evaluate the situation and take proactive action to manage up-to-date under condition that are changing rapidly by aware of the

announcement date of the Government Gazette or will be taken effect on 18 November 2019. This causes the steel product importer to aware of the aforesaid law and to consider the slowdown of steel products import

for the benefit of the operation (Translation) PAGE (Translation) -2- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for