calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2. Net profit = Not used because the acquired asset is real estate 3. Total Value of = Total Project value / Total

and subsidiaries thus reported Baht 90,484 million in operating profit before provision expense and income tax expense, rising Baht 935 million, or 1.05 percent, over-year. The increase was derived from

impairment loss on loans, in line with our improved asset quality. Moreover, net interest income rose Baht 4,377 million or 4.65 percent, which was derived mainly from interest income from both loans and

Company Limited, (iii) Siripat Three Company Limited and (iv) Bangkok Sky Sukhumvit 34 Company Limited are now joint venture companies between the Company and Sansiri for the purpose of real estate

, an increase of 5.2% YoY. 3Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) On 28 August 2017, the Unitholders

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For 9M/2017, East Water Group had total consolidated sales and services income of 3,268.14 million Baht, decreased by 64.83 million Baht or 1.95% (Total

venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS

purchase of real estate, allow the purchaser and the seller to reach agreement in many ways on such issues on a voluntary basis to the satisfaction of both parties. The opinions of the Independent Financial

%) Revenue from food center services 169 211 204 21% (4%) Revenue from real estate sales 216 377 142 (34%) (62%) Other income 492 699 577 17% (17%) Total revenues 7,962 9,028 8,719 10% (3%) Excluding non

%) 528 633 20% Revenue from real estate sales 818 485 602 (26%) 24% 2,385 1,229 (48%) Other income 853 563 603 (29%) 7% 1,872 1,743 (7%) Total revenues 9,221 9,201 9,413 2% 2% 26,320 27,330 4% Excluding