and Baht 1,300.66 million, respectively. The increase in shareholders’ equity was thanks to the booking of operating profit and the capital increase program to fund the construction of the new hospital

Liabilities 956 930 797 Shareholder’s Equity 422 431 445 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,646 3,979 3,727 Gross Profit 229 258 247 Operating Profit 113 131 126 Profit for the year 79 93 90 Other

820 Total Liabilities 797 817 828 Shareholder’s Equity 445 451 481 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,727 3,660 920 Gross Profit 247 263 71 Operating Profit 126 124 40 Profit for the period

62.2 15.5% 94.4 17.3% 32.2 51.8% Operating Profit 187.1 46.8% 234.5 42.9% 47.4 25.3% Finance Cost 27.8 6.9% 41.1 7.5% 13.3 47.8% Management Discussion and Analysis, Q1/2019 Page 2/4 JMT Network Services

, respectively. The increase in shareholders’ equity was thanks to the booking of operating profit. Yours sincerely (Mr. Teerawat Srinakarin) Chief Executive Officer

Liabilities 784 808 804 Total Liabilities 797 817 813 Shareholder’s Equity 445 451 462 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,727 3,660 1,775 Gross Profit 247 263 136 Operating Profit 126 124 75 Profit

) 10.8% (146.1) (187.4) (41.3) 28.3% Operating Profit 190.4 217.7 27.3 14.4% 377.5 452.2 74.8 19.8% Finance Cost (30.6) (45.4) (14.8) 48.4% (58.3) (86.5) (28.2) 48.3% Tax Expenses (39.3) (35.1) 4.2 -10.7

-60.9% Profit before expenses 154.5 56.8% 249.3 62.3% 94.8 61.4% Administrative expenses 46.6 17.1% 62.2 15.5% 15.6 33.5% Total Expenses 46.6 17.1% 62.2 15.5% 15.6 33.5% Operating Profit 107.9 39.7% 187.1

operating profit. Please be informed accordingly. Yours sincerely, (Miss Poramaporn Chamnongsuk) Company Secretary

50.2% whilst operating profit ratio stood at 38.6%. Gross Profit Ratio & Operating Profit Ratio In 1Q18, CPN’s gross profit ratio (excluding other income) dropped to 50.2% from 52.0% in the previous year