provided that the difference shall be calculated from discount rate of purchased securities (initial margin) specified by taking into account risk factors associated with the counterparty and purchased

Retail Corporation Public Company Limited Management discussion and analysis /Page 6 million, offset with the difference in value arising from acquiring of Robison Department store THB 22,809 million and

infrastructure business, and a fact sheet of the business operation of such infrastructure business; (b) price or method of determining the price of the assets of an infrastructure business and the difference

by the Association; (4) The advertisement which presents the comparison or the difference between return from investment in the fund and other investments shall incorporate material information which

comparison or the difference between return from investment in the fund and other investments shall incorporate material information which enables the investors to understand the differences among various

Working Capital is below the net working capital, the second instalment will be decreased by the difference of Q2 Net Working Capital and the net working capital. c. If Q2 Net Working Capital exceeds the

maintain an adequate cushion for NPL in the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2019 1/2019 2/2018 1/2019 2/2018 2019 2018

Quarter Change (%) H1 Change 2/2018 1/2018 2/2017 1/2018 2/2017 2018 2017 (%) Net profit * 9,194 9,005 8,047 2.1% 14.3% 18,199 16,352 11.3% Earnings per share (Baht) 4.82 4.72 4.22 2.1% 14.3% 9.53 8.57 11.3

phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2018 2/2018 3/2017 2/2018 3/2017 2018 2017 (%) Net profit * 9,030 9,194 8,161 (1.8)% 10.6

the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2019 2/2019 3/2018 2/2019 3/2018 2019 2018 (%) Net profit * 9,438 9,347 9,030