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

international travelling restriction from COVID-19 pandemic. As a result, the customers could not transfer the land; however, the Company still receives strong interests for our industrial estates from the number

% (138.56) (123.64) 12.07% Profit for the year 324.60 279.65 16.07% 620.62 562.86 10.26% Owners of the Company 278.59 243.88 14.23% 537.73 491.99 9.30% Non-controlling interests 46.01 35.77 28.64% 82.89 70.87

Profit for The Period 377.66 8.30 439.93 9.79 (62.27) (14.15) Non-Controlling Interests (2.05) (0.04) (3.06) (0.07) (1.01) (33.00) Net Profit 375.61 8.26 436.87 9.72 (61.26) (14.02) GFPT Public Company

interests - - - - - - - - Net profit (loss) attributable to the parent 410.2 366.5 411.2 12.2% 0.2% 1,253.6 1,138.0 (9.2%) Add(less): Loss/gain from extraordinary items* (35.7) (28.4) (69.9) (221.7) (153.0

terms of % to revenue improved from 7.5% in Q4 2021 to 5.9% in Q4 2022. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and

2023 while our revenue increased by 15.9%. SG&A in terms of % to revenue improved from 6.5% in Q2 2022 to 5.8% in Q2 2023. Core operating profit (defined as Earnings before Interests and Taxes exclude

IX. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES ......................................... 10 X. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS ............................. 10 XI. INTERESTS OF