4,028.24 4,465.93 10.87% Selling and Administration 89.66 94.78 90.69 79.21 347.66 354.34 19.21% EBIT 189.37 123.29 74.01 124.54 626.49 511.21 -18.40% Net Profit 154.69 102.52 63.05 103.53 513.63 423.79

Administrative Expenses (69.3) (152.9) (83.6) 120.6 Finance Costs (404.0) (459.9) (55.9) 13.8 Share of Profit from Investments in Associates and Joint Ventures 962.5 1,936.1 973.7 101.2 Income Tax (Expense) Income

service 332,244 323,393 8,851 2.7 325,730 313,043 12,687 4.1 Gross profit 111,004 94,224 16,780 17.8 108,347 91,490 16,857 18.4 Other income 3,625 2,539 1,086 42.8 4,675 2,858 1,817 63.6 Profit before

Expenses (130.8) (152.9) -14.5% Finance Costs (366.6) (459.9) -20.3% Share of Profit from Investments in Associates and Joint Ventures 2,047.4 1,936.1 5.7% Income Tax (Expense) Income (49.1) (18.2) 170.4

, CPN’s gross profit ratio, excluding other income, dropped to 50.2% from 51.9% in the previous year, whilst operating profit ratio dropped proportionately to 37.5% from 39.8% in the previous year. On a

15.3% Administrative Expenses (34.5) (8.4) 308.8% Finance Costs (76.9) (93.7) -17.9% Share of Profit from Investments in Associates and Joint Ventures 339.2 659.2 -48.5% Income Tax Expense (6.3) (6.8

1.44 1.66 -0.22 -13.3% Income tax expenses -67.95 -54.32 -13.63 25.1% Net profit 270.07 218.99 51.08 23.3% Minority interest in subsidiary -61.88 -42.43 -19.45 45.8% Net profit of the Company 208.19

service income 10,257 8,156 25.8% 9,933 3.3% EBITDA 2,413 2,218 8.8% 2,202 9.6% Net profit 835 1,203 -30.6% 280 198.2% Net profit - Owner of the parent 532 723 -26.4% 130 309.2% Normalized net profit (NNP

in associate 2.14 1.44 0.70 48.6% Income tax expenses -49.39 -67.95 18.56 -27.3% Net profit 200.70 270.07 -69.37 -25.7% Minority interest in subsidiary -57.11 -61.89 4.78 -7.7% Net profit of the

methods, its presentation may not be comparable to similarly titled measures used by other companies. 8 ASIA’S BOUTIQUE AIRLINE Operating Profit and Net Income The operating revenue of the Company for the