ended 31 December 2018, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2018 31 December 2017 Increased

March 2018, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 March 2018 31 March 2017 Increased (Decreased) Percentage

realized income of non-performing loans and expected credit losses. 2) Reclassification of investments and fair value from unrealized gain (loss) on investments are part of “profit (loss) from financial

bearing debt increased from Bt94,200mn in FY19 to Bt99,600mn to support spectrum payment in FY20. Income tax was Bt5,336mn, decreasing - 14% from lower profit before tax and tax benefit of Bt246mn causing

EBITDA and tax benefit from investment of Bt309mn, net profit was Bt7,469mn, increasing 14% YoY and 3.5% QoQ, despite higher D&A and finance cost. Net profit margin improved to 19.4% from 17.6% in 3Q16 and

days 69 72 63 Cash Conversion Cycle days 81 75 66 Finanial data and profitability ratios Sales revenues million baht 49,269 46,887 46,938 %change (%) 5.1% (0.11%) 6.51% Gross profit million baht 12,547

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

Analysis Quarter 1 Ending 31 March 2018 Highlights Q1/2018, the Company and subsidiary’s total net profit equals Baht 495 million, increased by Baht 1,410 million comparing with previous quarter. Total

of the highest value when calculated from 12-month period net profit criteria consideration based on the latest reviewed consolidated financial statement ended March 31, 2020 which equals to 32.52% and

: Million Baht For the three-months ended 30 June Items Increased (Decreased) 2019 2018 Amount Percentage 6 Total Revenues 268.56 373.21 (104.65) (28.04) 7 Total expenses 565.23 411.13 154.10 37.48 8 Profit