temporary closure of department store, retail and plaza which impacted us every segment. Although the Government relief measure since mid of May, the customers still delay spending due to concern of the

strategic move by combining Central and Robinson department store. The business synergy will give the combined department stores a significant acceleration to become more customer- centric, as well as to

non-food business reopened after eased lock down. Central Retail Corporation Public Company Limited Management discussion and analysis /Page 2 3. Italy: We temporarily closed all 9 department stores

In addition, there will be three director-level switches, namely:  1. Mrs. Sureerut Suradecha, from Director of the Sales Conduct Supervision Department to Director of the Investment Management

the increase were mainly due to increased revenue from animation segment and reverse allowance for doubtful account from 2018 Analysis of operating result Revenue Business categories/Segments For the

increase of revenue from office segment and management income • EBITDA stood at THB (93)mn, largely from the shortfall of revenue, partially relieved by lower operating costs and selling and administrative

follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

operating revenue breakdown by business segment (Unit: Million Baht) 2019 2018 Change Change (%) Sales of real estate 9,291 14,599 (5,308) (36) Revenue from hotel business 1,052 904 148 16 Revenue from rental

detail as follows: I. The operating revenue breakdown by business segment In the second quarter of 2019, the Company and its subsidiaries’ revenue from sales of real estate decreased from the same period

revenue breakdown by business segment First quarter (Unit: Million Baht) 2020 2019 Change Change (%) Revenue from sales of real estate 1,626 3,053 (1,427) (47) Revenue from hotel operations 187 290 (103