498 mn with immaterial impact to CPN’s consolidated net profit. The difference versus GLAND’s reported statement of comprehensive income is down to the difference in accounting treatment of investment

, CPN’s gross profit ratio, excluding other income, dropped to 50.2% from 51.9% in the previous year, whilst operating profit ratio dropped proportionately to 37.5% from 39.8% in the previous year. On a

16.3%). Gross profit ratio stood at 49.4% whilst operating profit ratio stood at 35.5%. Gross Profit Ratio & Operating Profit Ratio In 3Q19, CPN’s gross profit ratio, excluding other income, dropped to

Profit Ratio & Operating Profit Ratio In 2Q19, CPN’s gross profit ratio, excluding other income, dropped to 48.9% from 49.5% in the previous year (the first six months of 2019 at 50.2% compared to the

, excluding other income, dropped to 47.5% from 48.5% in the previous year (the first nine months of 2018 at 48.5% compared to the previous year at 50.2%), whilst operating profit ratio dropped proportionately

and JV 446 118 21 -95% -82% 573 254 -56% Profit before finance costs and income tax expense 2,366 3,143 (1,579) -167% -150% 7,656 5,273 -31% Finance costs (380) (401) (405) 7% 1% (1,452) (1,545) 6

previous year by Baht 88.41 million or 34.59 percent, due to an increase in gross profit margin of 13.44 percent and net income on extraordinary item from the sale of unused land of Baht 46.31 million

same period of previous year by Baht 138.93 million or 41.45 percent, due to an increase in gross profit margin of 18.59 percent and net income on extraordinary item from the sale of unused land of Baht

6 months of 2019. P a g e | 14 - Management Discussion and Analysis 2Q2020 - Consolidated Statement of Income Exhibit 7 : Consolidated Profit & Loss Statement comparison of 2Q2020, 2Q2019 and 1Q2020

/loss from JVs/associaties (equity income) 31.1 (1.1) N.A. 37.9 9.4 303.4% Finance cost 909.8 556.3 63.6% 111.0 132.5 (16.2)% Reported Net Profit/Loss (628.9) (983.2) (36.0)% 93.1 (387.5) N.A. GOP margin