Microsoft Word - MDA_Q417_DTC_ENG_v4.3 Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 1 Executive Summary The company reported net profit of THB 267 million in 2017 driven mainly

. Gross profit of this quarter totaled 4,103 million baht, boost up 58.7% from the same quarter of last year driven by sales revenue remarkable growth for the 4th consecutive quarter from the aforementioned

for naked short selling that undermines market confidence. This includes program trading or algorithmic trading as the current high trading volumes are largely driven by low transaction costs and the

3.5% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking

Investment in Dusit Fudu Hotel Management (Shanghai) Co., Ltd. (Dusit Fudu) of Baht 4 million; 350.1% drop YoY. This huge drop was driven by a significant decrease in occupancy rate in Hotels managed by Dusit

overall international business grew 14.4% at constant FX rate. 9M’19 Net sales grew 5.7% YoY, driven by core businesses in both domestic and international markets. Domestic beverage and personal care grew

6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

both pricing environment and handset campaigns despite lessen from previous year. Market was driven by postpaid acquisition via handset bundling package causing steady rise in blended ARPU throughout the

% up from THB 227.86 million in 1Q2019. The EPS of 1Q2020 was THB 0.26 per share. The increase in consolidated net profit was primarily driven from higher share of profit from associated companies and

the Thai economy driven by the relaxation of controls and lower concerns on COVID-19 situation which brought in foreign tourists and increased business activities. Overall, AIS reported core service