expenses did not increase significantly. Management Discussion & Analysis YE 2019 Summary of new products in 2019 Through consistent R&D effort, After You continues to develop both in-store and To-Go menus
also organized the marketing activities to educate the water quality, which is consistent with the business Management's Discussion and Analysis and operating results for the Year 2018 Page 2 / 10 model
totaled Baht 1,386 million, an increase of 21.2% yoy from the growth in deposit consistent with the overall expansion in loan portfolio. Cost of funds for 1Q19 remained stable at 2.3% comparing to 1Q18. For
Company earns consistent revenue and manage assets at the utmost benefits. • Additional revenue from other service businesses include outside catering (Dusit Event), housekeeping services (Dusit on Demand
in TTW from investment in associated company to investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company
other businesses within the partner’s territory. After You has consistently launched To-Go products. Through consistent R&D effort, After You has been continuously innovating variety of to-go products
Office business continues its consistent performance. The revenue is contributed mainly by TST Tower (Bangkok) and 33 Gracechurch, (London). Office business in Thailand remains a landlord friendly market
basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the
Company also organized the marketing activities to educate the water quality, which is consistent Management’s discussion and analysis for the Quarter 2’ 2019 2 / 8 with the business model of the customer
audience throughout the entire customer journey. Back in 2017, although VGI had considered various sources to assess the size of the advertising market, it was not able to obtain consistent information as