reflects the release of built-up inventory in China during the quarter. Final demand in both segments is resilient. IVL reported a higher OCF of US$265M in 4Q19 driven by lower working capital requirements

to manage those risks so that they are ‘climate resilient’ and able to cultivate opportunities arising from the ‘transition to a low-carbon economy’ 7 Resource Efficiency Energy sources Market

growing revenue to THB 11,223 million with the Normalized Net Profit (NNP) of THB 1,158 million and NNP-owner of the parent of THB 682 million, growing 54.0% y-on-y. This remarkable performance came from 1

despite the COVID-19 pandemic B.Grimm Power continued to report a remarkable performance with a 62.5% y-on-y growth of net profit- owner of the parent to THB 1,017 million and a 17.2% y-on-y growth of

large-scale investments that will deliver a global low carbon and climate resilient economy. The Initiative seeks to develop mechanisms to better align the interests of investors, industry and government

study and develop the power plant project using LNG as fuel, including the project of import and distribution of LNG to fuel the power plant in Vietnam. The remarkable performance with the highest NNP in

EastVille, CentralPlaza WestGate, CentralPlaza Chaengwattana, CentralPlaza Salaya, CentralPlaza Chiangrai, CentralFestival Pattaya Beach and CentralPlaza Pitsanulok  Resilient performance of partially

associates, joint ventures and others of THB 99 million Financial Ratio The Company’s profitability remained resilient in 2017, showing improved profit margin despite uncontrollable external factors and major

broadband remains resilient while enterprise business was recovering Fixed broadband business continued to grow 21%YoY in revenue driven by increased demand for home connectivity from the new normal, albeit

% 6,078 52.5% 1.0% Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 6 In 1Q19, profitability ratios still maintain resilient showing gross profit margin in line with the same period