Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

duty which related to the registration of land transfer. The local maintenance tax and property tax will be borne by the Company. - Total Value of transactions and criteria on pricing : The purchase

% Finance cost 18.41 36.80 18.39 99.89% Income tax expenses 22.21 28.27 6.06 27.29% Net profit 80.50 95.26 14.76 18.34% Net profit ratio (ROS) 18.98% 20.67% Earnings per share (Baht) 0.13 0.16 0.03 23.08

quarterly sales to Myanmar in 1Q/2018 as the local trade partners expanded their distribution coverage as well as adopted effective promotion campaigns in relation to the Group’s official football sponsorship

to mid-single digit decline. EBITDA (pre- TFRS16) stood at Bt76,619mn, decreased –2. 7% YoY with focusing on cost control and in- line with low single digit decline EBITDA guidance. Net profit ( pre

Analysis Quarter 1 Ending 31 March 2018 Highlights Q1/2018, the Company and subsidiary’s total net profit equals Baht 495 million, increased by Baht 1,410 million comparing with previous quarter. Total

the capital market or a lack of information that may affect investment decision making of investors. The key points of the amendment are as summarized below:    (1) Prohibiting local securities

that, according to the Financial Statements for the 3 months Q3/2017 period, as ended on September 30, 2017, the Company and Subsidiary Companies achieved Total Net Profit of Baht 368.5 million, an

Central Pattana Public Company Limited (“The Company” or “CPN”) in 2Q19 shows total revenue of THB 9,197 mn, an increase of 0.7% and net profit stood at THB 2,470 mn, a decrease of 15.9% from the same

available at the office of the derivatives business operator for public access and also be published in at least one local daily newspaper in accordance with the rules specified in the notification of the SEC