(revenues) 1.72 1.32 0.4 30.30% Profit for the year 16.76 112.1 (95.34) -85.05% Unrealized gain (loss) from valuation (13.25) - (13.25) 100.00% Income tax relating to components of other comprehensive income

Discussion and Analysis Consolidated Financial Results for the three-month and the six-month Q2/2018 For the three-month ended 30 June 2018 Consolidated Profit & Loss of NPPG (THAILAND) PCL., Unit : Million

(335,853) (416,020) -19% (242,001) (209,171) 16% Gross profit 153,841 113,494 36% 140,282 111,477 26% Interest income 2,184 121 1705% 591 121 388% Gain on disposal of assets 2,119 309,034 -99% - - Revenue

Revenues 27,838 23,204 791 672 28,629 23,876 4,753 20% Total Expenses (26,000) (21,695) (705) (606) (26,705) (22,301) 4,404 20% Share of Profit (Loss) 5,022 6,231 67 56 5,089 6,287 (1,198) (19%) Gain on

and services (345,700) (318,272) 9% (681,553) (655,566) 4% Gross profit 138,881 151,498 -8% 292,722 264,992 10% Interest income 2,381 129 1,746% 4,565 250 1,726% Gain on disposal of assets - - - 309,034

% Cost of sales (290.46 ) (600.93 ) 310.47 (51.66%) (98.17%) (84.80%) GROSS PROFIT 5.42 107.69 (102.27 ) (94.96%) 1.83% 15.20% Distribution costs (26.13 ) (35.11 ) (8.98 ) 25.58% (8.83%) (4.95

% 100.00% Cost of sales (290.46 ) (600.93 ) 310.47 (51.66%) (98.17%) (84.80%) GROSS PROFIT 5.42 107.69 (102.27 ) (94.96%) 1.83% 15.20% Distribution costs (26.13 ) (35.11 ) (8.98 ) 25.58% (8.83%) (4.95

profit from investments in associates, net 173 433 (260) -60.0 NCI (17) (19) 2 10.5 Profit attributable to Equity holders of the Company 5,435 5,317 118 2.2 Basic earnings per share (Baht) 0.36 0.35 0.01

in Hotel Business. Other Business growth came from the gain from the sale of investments, the share of profit from investment in food business (as invested in 1Q18), and gain on foreign exchange rate

% Total Revenues 1,994,081 2,398,510 -17% 1,571,084 1,666,564 -6% Profit (loss) before loss from allowance (184,851) 149,195 -224% 38,502 129,365 -70% margin -10% 7% 3% 8% Profit / (Loss) before interest