retail properties stood at 91%, slightly lower YoY due to the ongoing major renovation at CentralWorld. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated

trading in the mutual fund’s portfolio over a period. The calculation is based on the lower amount between the total amount of securities purchased and the total amount of securities sold within a one-year

decline in performance compared to the previous year. However when compared to the previous quarter, its performance highly improved from the higher marketing margin, together with the lower SG&A expenses

Baht 2,202 million in Q4’2018 to Baht 2,413 million in Q1’2019 due to lower scheduled maintenance and lower expense from the seasonally peak of SG&A in Q4. • EBITDA margin in Q1’2019 was 23.5% compared

second quarter of year 2020 was 106.7 million baht, steeply dropped by 97.3 percent from the same period last year. A decreased of scheduled flight revenue was from the lower number of passenger which

flooding in various areas. Also, there was an intense competition in the industrial market. While sales volume of the retail market was slightly lower, consequently due to the seasonal factor which had lower

affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround

economy are seeking for value- for- money service. Operators introduced smaller package with lower speed of unlimited data to capture low-budget segment amidst weak consumer spending. Competition in fixed

domestic market, represented 28.63% of revenue from sales in 2Q2019. Revenue from farm segment was THB 1,244.24 million, decreased by THB 56.93 million or 4.38% down from 2Q2018 mainly from lower revenue

million, decreasing from Q2/2018 that recognized net loss Baht 15 million, due to 1) sales shrinkage in CMG and domestic branded sales; 2) higher cost per unit as a result of lower utilization rate; 3