which the Company has invested since January 2017. Cost of Sales and Gross Profit Unit : THB mm Unless otherwise stated For the six-month period ended 30 June 2017 2016 Total sales 330.16 288.62 Cost of

both house brand and other brand products. During 2018, the Company opened 2 branches i.e. Rayong branch (which started operating since 1 November 2018) and Diana branch (which started operating since 7

(EBIT) 1.89 21.68 -91.27 5.34 -64.60 24.91 76.10 -67.27 Financial costs 0.04 0.03 41.94 0.04 7.32 0.13 0.10 29.00 Income tax expenses 0.05 4.26 -98.75 1.24 -95.72 3.15 15.04 -79.07 Net profit 1.80 17.39

. The operating results of the Company and its subsidiaries continued to improve, with total revenue and profit at baht 67,423.88 million and baht 6,176.59 million respectively, an increase of 2.08% and

source of the Company’s revenue. Despite such impediments, the Company recognized the growth potential from the followings: 1) Increased revenue and profit from new business investment which are: “Elite

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

from the lower number of franchise branches opening when compared to the same period of 2018. Item 6-Months Period Ending 30 June 2018 2019 Net Number of New Branches Opened (1) (Branch) (1) 19 Number of

(“the Company”) reported total revenue of THB 54,285 million, increased by 1.1%, net profit was THB 890 million, decreased by 63.4% from the same period last year. This resulted from the government

net profit were Baht 45,740.09 million and Baht 3,609.72 million, down by 9.41% and 18.49% respectively. The declining of operating result over last year mainly due to the store closure in both Thailand