promotional activities of car manufacturers. Based on the Bank in-house research, new car sales for the year 2017 is projected to increase by 8.0% with total sales of around 830,000 units. In the equity market

Quarter 1 /2018. The major part was income from transportation revenue, income from voucher unused from customers and compensation from delayed construction. Cost of Sales and Gross Profit Unit : THB mm

(21) -4% 932 1,022 (90) -9% Cost of sales 426 424 2 1% 795 846 (51) -6% Cost of service 3 5 (2) -47% 7 16 (9) -56% Selling expenses 45 52 (7) -14% 86 98 (12) -12% Administrative expenses 20 33 (13) -40

%. With regards to cost of sales and expenses for the year 2017, it is equivalent to 811.62 million THB or 84.67 % of total revenue compared to last year at the amount of 484. 13 Million THB or 84. 79

REVENUE CONTRIBUTION (THB mn) 2018 REVENUE BY SEGMENTS (THB mn) Cost of sales grew by 131.1% from THB 390mn in 2017 to THB 900mn in this year, mainly due to the aforementioned consolidation. Trans.Ad

financing cost stood at 2.81% Net debt to equity ratio stood at 0.07x In 2017, CPN spent approximately THB 16,024 mn of capital expenditure (CAPEX), THB 10,455 mn of which on land acquisition and development

million baht, an increase of 141.61 million baht or 16.30%. Interest expenses were 225.39 million baht, an increase of 11.87 million baht or 5.56%. The increasing was due to additional low cost of borrowing

was 868.78 million baht, an increase of 96.24 million baht or 12.46%. Interest expenses were 213.52 million baht, a decrease of 10.09 million baht or 4.51%. The decreasing was due to additional low cost

baht, an increase of 96.24 million baht or 12.46%. Interest expenses were 213.52 million baht, a decrease of 10.09 million baht or 4.51%. The decreasing was due to additional low cost of borrowing to

d o c oseaot ToToT 466.85 415.68 Unit : Million Baht Cost of Sales for Q3 / 2019 and Q3 / 2018 was 357.94 million baht and 355.25 million baht, respectively. It increased 2.69 million baht or 0.76