706.86 -211.41 -29.9% 916.54 1,397.00 -480.46 -34.4% Earning before interest and tax 26.74 43.51 -16.77 -38.5% 22.09 78.45 -56.36 -71.8% Financial expenses -0.43 -0.87 0.44 -50.6% -1.09 -2.03 0.94 -46.3

shareholders of Baht 163 million and dividend paid to non-controlling interest of one of the subsidiaries of Baht 109 million. The appropriate of capital structure The Group’s debt to equity ratio as at 30 June

the Company’s shareholders of Baht 326 million and dividend paid to non-controlling interest of one of the subsidiaries of Baht 217 million. 6 The appropriate of capital structure The Group’s debt to

to lower contribution from GHECO-One. Other Income 2018 2019 Increase/ (Decrease) THB mm THB mm % Dividend and Management income 399.6 540.7 35.3% Others 309.0 436.4 41.2% Total other income 708.6

interest, the debentures? rate of return will be lower than pre-determined interest rates; accordingly, the longer issuer defers the interest payment, the lower the return rate for investors.  The SEC urges

. However, this offset by an increase in interest income and dividend income of THB 13mn and THB 9mn, respectively. Net cash used in financing activities was THB 128mn mainly from cash paid for purchases

the previous quarter, the banking performance fared better, supported by increased dividend income due to seasonal factors. Nonetheless, net interest margin (NIM) declined in the second quarter of 2019

lower interest expense. Table 2: Consolidated Results Summary Revenue from rent and services 6,218 6,530 6,518 (0%) 5% Retail 6,049 6,359 6,321 (1%) 5% Office 169 170 197 15% 16% Other supportive

(including principal and interest) Interest Rate Market interest rate on the transaction date Tenor of the B/E Within 6 months Interest payment date One time pay back at the maturity date Early Redemption None

266.27 96.02 171.73 91.32 (94.54) (35.51) Other income/1 11.05 3.98 16.32 8.68 5.27 47.69 Total revenue 277.32 100.00 188.05 100.00 (89.27) (32.19) Notes: /1 Other income comprises mainly of interest