from finance lease Total Revenue Net profit Interest expense Earnings before interest and tax expenses Interest bearing debts – (Cash and cash equivalents + Restricted cash + Current investments

time, still receiving the Availability Payment revenue as the company still has the ability to generate electricity to EGAT as contracted. Thus when comparing Sriracha Power Plant operation in 2017 with

Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue

Segment 826.66 4.88 708.44 4.25 730.47 4.33 Total Sales 16,928.47 100.00 16,647.02 100.00 16,863.74 100.00 Revenue from Sales The consolidated revenue from sales for 2019 were THB 16,863.74 million

revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

of the Year Period Ending December 31, 2017) (1) Overall Operating Results For the year 2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the

% ( Total consolidated sales and services income excluding construction revenue under concession agreement of 2,100.73 million Baht, decreased by 121.19 million Baht or 5.45%) and Net profit attributable to

toll revenue sharing based on the toll rate under the Ministry of Transport’s Announcement dated August 29, 2003 and the toll rates which the Company entitled to receive under the Agreement, calculated

% Finance cost 35.09 41.36 6.27 17.87% Income tax expenses 37.04 42.24 5.20 14.04% Net profit 139.02 150.12 11.10 7.98% Net profit ratio (ROS) 19.92% 17.25% Earnings per share (Baht) 0.26 0.28 0.02 6.92