goodwill of THB 143mn in non-current assets, 2) non-controlling interests of Trans.Ad Group of THB 42mn in equity, 3) deferred tax liabilities of THB 32mn in non-liabilities and 4) unappropriated retained

60.10 Non-Controlling Interests (2.25) (0.05) (3.13) (0.08) (0.88) (27.98) Net Profit 341.50 7.86 211.59 5.32 129.91 61.40 GFPT Public Company Limited Interim Management Discussion and Analysis for the

2,184 251.1 Share of profit from investments in associates, net 67 110 (43) -39.1 Non-controlling interests of the subsidiaries (3) (2) (1) -50.0 Profit attributable to Equity holders of the Company 3,118

29.1 Finance costs 250.93 403.07 (152.14) (37.7) Income tax expense 215.17 164.03 51.14 31.2 Total expenses 2,211.89 2,102.74 109.15 5.2 2,175.99 2,309.70 (133.71) (5.8) Non-controlling Interests - (3.04

of THB 36mn in non-current assets, 2) deferred tax liabilities of THB 7mn in non-liabilities, and 3) non-controlling interests of Co-mass of THB 9mn in equity. ASSETS ASSETS BREAKDOWN 31 MARCH 2018

-Controlling Interests (3.13) (0.08) (2.24) (0.06) 0.89 39.60 Net Profit 211.58 5.31 493.73 11.85 (282.15) (57.15) GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018

loans of THB 134mn. Total equity was THB 16,088mn, increasing by THB 10,162mn or 171.5%, mainly due to an increase in premium on share capital of THB 9,349mn and non-controlling interests of the

508.51 11.56 (68.58) (13.49) Non-Controlling Interests (3.06) (0.07) (2.80) (0.06) 0.26 9.29 Net Profit 436.87 9.67 505.71 11.50 (68.84) (13.61) GFPT Public Company Limited Interim Management Discussion

Ratios Gross profit margin (%) 31.8 33.7 31.7 33.1 EBITDA margin (%) 20.1 21.8 19.2 21.4 Net profit margin (%) – after minority interests 12.7 14.2 12.0 13.8 Net profit margin (%) 13.1 14.6 12.3 14.3

248.11 11.03 4.45 Non-controlling interests 36.88 35.10 1.78 5.07 Gross Profit Margin 30.44% 30.54% Operating Profit Margin 16.97% 16.66% Profit before Finance costs, Tax expense, Depreciation and