based on the sublet agreement with CPNREIT. Hence, administrative expenses to total revenue ratio stood at 14.6%, higher than the same period in the previous year at 13.7%. Gross profit ratio stood at
foreign currencies forward contact. 4 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | The Refinery and Oil Trading Business recorded Gross Refinery Margin of
the entire year of 2018, previously recorded as net revenue, to report gross revenue and costs. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 8 of 16 Meanwhile
in which net revenue from services was reported as gross revenue and cost on cash basis, resulting an increase both in revenue and cost items. Hotel operations are considered CPN’s non-core businesses
Summary compared to YTD 2017: Note: Gross profit = Sales and service income – Cost of sales and services (does not include other income) Q4 2018 Q4 2017 YoY change YoY % change Unit: Million Thai Baht (THB
% 13.74% 3.93% Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation
revenue 792 852 978 14.9% 23.5% Cost of sales 326 356 387 8.8% 19.0% Gross profit 466 496 591 19.2% 26.7% EBITDA 320 352 444 26.0% 38.8% Adjusted EBITDA1 324 361 451 25.1% 39.2% EBIT 236 251 333 32.5% 41.3
lowered the occupancy rate to 91% from 92% in 2Q17. Gross Profit ratio for 3Q17 stood at 48.5%, slightly lower than 49.1% in 3Q16, as the growth in rental and services revenue and food and beverages revenue
GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation & Amortization, EBIT = Earnings before Interest & Tax, NP = Net Profit after Tax, EPS = Net Earnings per Share Gross Profit (GP