, Central World, Thong Lor and Yaowarat branch. The consolidated net profit for 2Q18 totaled Baht 1,551 million, an increase of 30.9% from Baht 1,185 million yoy. When comparing to previous quarter, the net

net profit for 2Q18 totaled Baht 1,551 million, an increase of 30.9% from Baht 1,185 million yoy. When comparing to previous quarter, the net income for 2Q18 increased by 2.5% comparing to net profit

profit for the year 2018 totaled Baht 6,042 million, an increase of 5.3% from Baht 5,737 million in 2017. The consolidated comprehensive income for 2018 totaled Baht 5,123 million, declining by 16.2

) (282) -31% Net profit attributable to owners of the parent 620 370 68% (1,546) 140% 1,732 2,463 -30% Basic earnings per share (Baht) 0.38 0.27 (1.12) 1.18 1.79 Note: 1/ EBITDA from Refinery Business of

98% 626 624 0.3% Natural Resource Business Group 5/ (101) 145 -170% (81) -26% 21 24 -11% Others 6/ (75) (94) 20% (61) -24% (245) (190) -29% Net profit attributable to owners of the parent 370 528 -30

151 66 -50% -56% 529 692 31% Natural Resource Business Group 5/ 16 (81) 94 470% 216% 286 117 -59% Others 6/ (24) (61) (92) (137) (282) Profit attributable to owners of the Company 1,471 1,856 (1,546

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

Business Group 4/ 179 132 304 70% 130% Natural Resource Business Group 5/ 133 16 68 -49% 311% Others 22 (30) (54) -341% -78% Elimination (47) 6 (3) Profit attributable to owners of the Company 2,084 1,386

Discussion and Analysis Yearly Ending 31 Dec 2019 19/08/2019 17:12 Management Discussion and Analysis Quarter 2 Ending 30 Jun 2019 (Amendment of gross profit for the three-month)) 14/08/2019 18:40 Management