and the PPA remain unclear and uncertain while additional investment of 7,850 million baht is needed, causing IFA unable to appraise the project value; (3) various risks associated with the transaction

GW, increased by 5.2% due to uncertain weather condition as Thailand entered the summer season earlier than previous year at the ending of February until the middle of May 2019. The industrial sector

reported at 2,620 million baht, increased of 269 million baht or 11% y-y. Net profit attribute to the parent amounted to 2,018 million baht, increased of 190 million baht or 10% y-y, and earning per share

JAS Asset Public Company Limited Q1/2017 Q1/2018 Change MB. % MB. % MB. % Tax -0.1 -0.1% 3 1.7% 3.1 -3,100.0% Net Profit attribute to Shareholders (Loss) -4.0 -2.2% 0.4 0.2% 4.4 -8.1% Rental and Service

the operation (32.7) (203.8) 171.1 84.0% Gain (Loss) from temporary investment (15.7) (75.2) 59.5 79.1% Profit (Loss) for the year (48.4) (279.0) 230.6 82.6% Net Profit/(Loss) from the year attribute to

3.0 1.7% 3.3 1.9% 0.3 10.0% Net Profit attribute to Shareholders (Loss) 0.4 0.2% 0.5 0.3% 0.1 25.0% Management Discussion and Analysis Q1/2019 Page 2/4 JAS Asset Public Company Limited Rental and

% (82.5) (86.8) (4.3) 5.2% Net Profit attribute to Equity Holder of the Company 119.9 148.5 28.6 23.9% 236.0 293.0 57.0 24.2% Total Revenues The Company’s total income for the second quarter of 2019 equaled

(35.9) (39.3) 9.6% (54.2) (82.5) 52.2% Net Profit attribute to Equity Holder of the Company 124.8 119.9 -3.9% 198.0 236.0 19.2% Total Revenues The Company’s total income for the second quarter of 2018

239.3 -319 -57.1% Finance Cost 71.2 111.9 40.7 57.1% 134.7 210.9 76 56.6% Tax Expenses 59.5 19.4 -40.1 -67.4% 62.4 36.6 -26 -41.3% Net Profit attribute to Equity’s Shareholders. 148.1 44.5 -103.6 -69.9

our food retailing in Vietnam category. We attribute growth in SSSG in our food retailing in Vietnam category to our ongoing turnaround efforts with respect to Big C, which have resulted in improved