been. However, in the long term, the Company is confident that it will be able to grow sustainably, as the Company has been operating in accordance with its direction and strategy step by step as planned

is in the process of construction and decorations to support future demands. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 4 of 16 Financial and Operating

is in the process of construction and decorations to support future demands. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 4 of 15 Financial and Operating

55.33 (43.10) (43.79%) Gross profit 559.94 488.25 (71.68) (12.80%) Other income 20.48 9.54 (10.94) (53.41%) Selling and administrative expenses 96.21 93.90 (2.31) (2.40%) Operating profit 484.21 403.89

operating performance of such property incur. Thanks to the rise in operating performance of investment properties owned by the Company, gain from fair value adjustment at THB 794m from Suntowers and THB 406m

Services 405.7 405.5 (0.2) (0.0) - Operating Revenue1 358.1 383.6 25.5 7.1 - Other Income from Utilities Business2 47.6 21.9 (25.7) (53.9) Costs of Sales and Services (242.3) (272.2) (29.8) 12.3 Gross Profit

1 Ref: AC.031/2017 15 August 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

OF OPERATION FOR 3Q2017 Consolidated Financial Statements 3Q2016 3Q2017 Increase/(Decrease) Baht million Baht million Baht million % Revenue from Sales and Services 371.2 406.2 35.0 9.4 - Operating

1 Ref: AC.042/2017 14 November 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Increase/(Decrease) Baht million Baht million Baht million % Revenue from Sales and Services 1,467.5 1,633.8 166.2 11.3 - Operating Revenue1 1,317.2 1,570.2 253.0 19.2 - Other Income from Utilities Business2