margin (exclude non-recurring cost) 30% 28% 2% 33% 31% 3% Administrative expenses before adj. 41.45 40.84 2% 83.09 88.68 -6% Adj. staff benefit 2.19 - 2.19 - Adj. previous year SW income 20.31 10.66 90
which resulted in the net amount of THB 27.6 million for 1H17. However, net profit attributable to the Company still increased 6% yoy. If we exclude the adjustment THB 7.7 million of social security
amount of THB. 10.7 million. However, the net profit attributable to the Company still increased by 5% for 9-month period in 2018. If we exclude the above extra transactions totaling THB 32.7 million from
expenses increased slightly by only 0.15% from Baht 389.26 million in Q1 2020 to Baht 389.86 million in Q1 2021. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income
market conditions: Period 1: Mar 2000 to Oct 2000 – bear market Period 2: Nov 2000 to July 2001 – neutral market Period 3: Nov 2001 to Jun 2002 – bull market • Exclude opening transactions and trades
exclude any observations from financial industry sectors. ❑ Continuous variables are winsorized at 1st and 99th percentiles. ❑ The final baseline sample of 8,317 firms with 54,436 firm-year observations
Balance sheet ▪ Adjust asset impairment charges Cash flow statement ▪ Adjust capital expenditure Valuation ▪ Adjust the discount rate ▪ Decrease / increase / exclude the terminal value 10 Reflect
parent company which excluding Non-controlling interests ** Calculate from the profit (loss) of the parent company divided by total shareholders’ equity (Exclude Non-controlling interests) *** Calculate
Change Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18 P a g e | 3 • Owned Hotels Remark : Hotel statistics exclude Dusit Princess Korat (“DPKO”) for comparative purpose Revenue from
-5.3% 84 134 -50 -37.3% Change Change 3Q18 3Q17 % Change Occupancy % 73.8% 70.6% 4.7% ADR (THB/night) 3,065 3,114 -1.6% RevPar (THB/night) 2,263 2,197 3.0% Remark : Hotel statistics exclude Dusit