Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

Economic Outlook of the International Monetary Fund for October 2019 cut this year’s global economic growth projection to 3.0 percent from the previous forecast of 3.2 percent. The figure is the lowest

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the

had successfully recorded a sales growth of Baht 27.4 million, or 4.1% year-over-year. Please find the details of sales growth by business units as following: - Processing food from meat business

revenues were able to growth better than overall of the industry. 2. Selling and Administrative Expenses Selling and Administrative Expenses increase in accordance with sales. In Q3/2019, the company’s

corresponding period last year, or 36.62% increased, which was better than the average growth rate of industry. These are because of our correct expanding strategy that emphasized on real demand segment, and

corresponding period last year, or 45.30% increased. The increment was in accordance with company’s expanding strategy and management; therefore, company’s revenues were able to growth more than overall of

% increased. The increment was in accordance with company’s expanding strategy and well management in marketing and sales; therefore, company’s revenues were able to growth better than overall of the industry

of money and capital markets, and TFRS 9 impacts from reclassification and remeasurement of investments. However, net interest income increased Baht 2,512 million, or 9.82 percent, due to loan growth