were 9.11 million Baht and 17.79 million Baht respectively. The expenses increased in line with the number of employees to support business expansion. The Company’s net profits were 10.21 million Baht

internationally. 2019 is the first year of the second phase of the 9-year strategic plan (2019-2021) focusing on "Realizing Growth Potentials". This is the time when the Company aware that the revenue growth will

Period As Of Details L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 2023 Reviewed Consolidated Q2 30/06/2023 L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 2023 Reviewed Company Q2 30/06/2023 L.P.N. DEVELOPMENT

may grow within a range of 2.9-3.3 percent in 2019, down from the growth of 4.1 percent in 2018. Development of Thai economic sectors during the rest of this year merits close watch after the Monetary

previous projected at 2.8% growth to a 5.3% contraction due to the fact that COVID-19 outbreak severely affected both external and domestic demand particularly the tourism and exporting sector which sharply

construction of the new Latkrabang factory was completed and production capacity of Phase 3 was partly expanded, which led to solid revenue growth and profitability. We still experienced a number of challenging

multi- products fuel pipeline expansion project to the northern of Thailand (phase 1 or NFPT-phase1) . The Gross profit margin of the Group was of 54.1% compared to 59.0% of Q3/2018. While in the nine

Nakorn Electricity Generating Company Limited (NNEG) Expansion Phase (92.3% construction progress) 2. Rayong Waste to Energy (WTE) (57.5% construction progress) 3. Energy Recovery Unit: ERU Project (29.0

in the process. Major projects in progress such as the Project of the development for train tracking system and cargo management of the State Railway of Thailand, the GDCC Service Expansion (VM

percent 3.0 3.3 3.9 4.0 -0.9 0.2 0.7 1.1 -2 -1 0 1 2 3 4 5 GDP Headline Inflation Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce