March 31, 2018 and March 31, 2017, the Company and its subsidiaries had a net profit of Baht 56.52 million or 17.17%. Universal Worldwide Transportation Limited holds 80% of the total number of ordinary

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

were also higher, but these are investments into the future competitiveness of the company. On the upside we expect to see some of the variable cost pressure, notably fuel, to ease in the following

Total 624.49 43.89 105.73 Recording impairment of investments in subsidiaries is considered appropriate. Before investing, the Audit Committee and the Board of Directors consider the investment

30 OCT 2017 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31 MARCH 2017 30 SEPTEMBER 2017 (Restated) (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and short-term investments

% Amounts receivable from related parties - - - Inventories 3,840,366 4,611,491 (17%) Other current assets 583,688 565,995 3% Total current assets 5,125,412 5,460,970 (6%) Non-current assets Investments in

) 11.47 59.49% Profit for the period 73.75 59.05 14.70 24.89% 8 Other comprehensive income: (4.29) (1.34) 2.95 220.15% Total comprehensive income for the year, net of tax 69.46 57.71 11.75 20.36% Profit

- 2020 Balance by Quarter Change Q2–20 Q1–20 Q2–19 Q2–20 VS Q1–20 Q2–20 VS Q2–19 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,187.6 1,231.7 1,729.6 (44.1) (3.6) (542.0) (31.3) Total Operating Expenses

Balance by Quarter Change Topic Q1-23 Q4-22 Q1-22 Q1-23 VS Q4-22 Q1-23 VS Q1-22 (Million Baht: MB) (MB) % (MB) % Total revenue 1,296.7 1,729.1 1,399.2 (432.4) (25.0) (102.5) (7.3) Total operating expenses

management. Moreover, tax expense in this quarter substantially decreased mainly from deferred tax income from tax privileges on investments. The net profit attributable to the Company increased by 25% yoy