/A Total comprehensive income for the year 98.75 45.16 (53.58) -54.26% Gross profit margin 31.00% 27.90% Net profit margin 19.17% 13.59% Performance (Statement of Comprehensive Income) For the year

, resulted in higher gross profits margin. Proportion of other income to total revenue slightly decreased compared to previous period from a discount given to tenants. The Company emphasizes tenants’ selection

% QOQ, resulted in higher gross profits margin. Proportion of other income to total revenue slightly decreased compared to previous period. 96.18% 94.06% 0.98% 3.82% 4.96% 1Q2019 1Q2020 Sales Services

margin was of 57.2%. Aviation Refueling Services 80% Fuel Pipeline Transportation Services 20% Services Income structure of 9m/2017 Page 5 of 8 1.2.2 Administrative Expenses In Q3/2017, administrative

% 275.3 263.4 4.5% EBITDA 489.0 496.1 585.4 (1.4%) (16.5%) 1,074.5 1,137.5 (5.5%) EBITDA Margin 55.6% 56.3% 61.6% 58.7% 60.7% Finance cost (38.6) (42.1) (39.1) (8.3%) (1.3%) (77.7) (62.1) 25.1% Income tax

of 85.34% of revenue from sales, decreased from 86.54% in 1Q2019 while gross profit margin contributed about 14.66% in 1Q2020, increased from 13.46% in 1Q2019. Other Income The consolidated other

Profit Margin -51.05% -12.37% Debt to Equity Ratio (Time) 1.97 1.78 Total Expenses The 3-Month Operating Result as ended 30 June 2018 Construction Income In the 2nd quarter of 2018, the company and its

147.5 Total income 385.14 100.0 251.73 100.0 133.41 53.0 Cost of sales and services 275.58 71.6 176.02 69.9 99.56 56.6 Gross margin (exclude other income) 107.24 27.8 74.77 29.7 32.46 43.4 Selling and

) Gross Profit Margin = (Gross Profit / Sales) * 100 12) Operating Profit Margin = (Operating Profit / Sales) * 100 13) Cash Profit Margin = (EBIT / Net Income) * 100 14) Net Profit Margin = (Net Profit

2017 while gross profit margin contributed of 14.32% in 2018, decreased from 16.41% in 2017. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 4 of 14 Other Income The