11,672.35 399.51 3.4 Total cost and expenses * 2,141.33 2,107.37 33.96 1.6 6,664.32 6,201.44 462.88 7.5 Loss on foreign exchange (163.48) (31.66) (131.82) (416.4) (349.13) (550.55) 201.42 36.6 Profit

. Marketing expenses declined significantly by -12%YoY from lower activities during lockdown, while admin and other expenses dropped -5.5%YoY from shop rental saving during lock down and one-time legal

income 21.16 0.27% 6.55 0.10% 14.61 223.05% Selling and administrative expenses 107.85 1.40% 108.93 1.69% (1.08) -0.99% Profit from operations (43.44) -0.56% 438.99 6.83% (482.43) -109.90% EBITDA 73.00

services 6,380 5,523 857 15.5% Gross Profit 772 622 151 24.2% Gross Profit Margin (%) 10.8% 10.1% 0.7% SG&A expenses 429 412 16 3.9% EBIT before share of profit (loss) from investment in associates and joint

other incomes in 2018 was 1.78% of total sales, slightly decreased from 1.88% in 2017. Selling General and Administrative Expense The consolidated SG&A expenses in 2018 equaled to THB 1,372.02 million

. The consolidated other incomes in 2019 was 1.60% of total sales, slightly decreased from 1.78% in 2018. Selling General and Administrative Expense The consolidated SG&A expenses in 2019 equaled to THB

-200% 0 -1,789 -100% EPS (Baht/share) -0.02 -1.81 -99% 0.02 -200% 0.00 -1.75 -100% Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV (2) Extra items were expenses

, repair and personnel expenses to support the expansion of new shopping malls. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 7 of 13 Cost of food and beverages

Baht 6 million in 3Q19 increased loss by 37.4% due to increase in interest expenses and of Baht 11 million in 9M19, decreased by 18.6% from the better performance of Dusit Fudu Hotel Management (Shanghai

business of Baht 6 million in 3Q19 increased loss by 37.4% due to increase in interest expenses and of Baht 11 million in 9M19, decreased by 18.6% from the better performance of Dusit Fudu Hotel Management