and is based on the same accounting principle as in FY18. Please see note 2 for more detail on TFRS 15. Market and Competitive Environment Following the softened mobile growth last quarter, operators

shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with

Microsoft Word - Eng-SET Q1-18 reviewed Ref: FASET 02/2561 May 11, 2018 Subject: Report the operating result for the first quarter ended March 31, 2018 To: President of the Stock Exchange of Thailand

Statement Cash Flows Statement Accounting Financial Ratios Business Performance Executive Summary Statement of Income 19 of Financial Position Environment Management 3 3 | Management Discussion and Analysis

the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Statement of income 11 Financial Position 32 Management’s Perspective towards 2020

Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3

medical service concerning health and esthetics. 2. Overview of operating results in 3 quarters of 2019. Continued from the first Quarter of 2019 until third Quarter, the world economic still be tense from

institution, enabling us to cope with possible economic fluctuations in a timely manner. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in 2017 and

the “FTSE4Good Index Series” announced by FTSE Russell which designed to identify companies that demonstrate strong environment, social and governance practices measured against globally recognized