3.0 1.7% 3.3 1.9% 0.3 10.0% Net Profit attribute to Shareholders (Loss) 0.4 0.2% 0.5 0.3% 0.1 25.0% Management Discussion and Analysis Q1/2019 Page 2/4 JAS Asset Public Company Limited Rental and

the 9-month period ended 30 September 2019 30 September 2018 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 1,003.47 91.27% 1,501.95 96.98% (498.48) (33.19

) (7.2) (682%) (8.2) (587%) Net Profit/(Loss) from the period attribute to equity holders of the Company (53.0) (4.9) (982%) (3.5) (1,414%) For the nine-month ended 30 September 2017 NPP Consolidated PL

(1.3%) Total 283.2 292.6 (3.2%) 285.4 (0.8%) Gross Profit 57.0 65.9 (13.5%) 51.5 10.7% Net Profit/(Loss) for the year (47.7) (8.2) 481.7% (47.8) (0.2%) Net Profit/(Loss) from the period attribute to

(12.1%) 125.5 6.9% Total 287.5 301.2 (4.5%) 283.2 2.2% Gross Profit 59.8 64.1 (6.7%) 57.0 4.9% Net Profit/(Loss) for the year (51.2) (56.3) 9.1% (47.7) (7.3%) Net Profit/(Loss) from the period attribute

) (465.5) 186.6 40.1% Net Profit/(Loss) attribute to equity holders of the Company (280.9) (367.7) 86.8 23.6% Sales 2018 Sales was 1,162.6 Million THB, increased by 49.7 Million THB or 4.5% YoY summarized by

. Comparison of operating results for the first quarter ended March 31, 2019 and 2018 Revenues from sales of real estate 694.10 984.17 -29.47 314.96 494.10 -36.26 Revenues from rental and services 14.33 30.59

No. For.16/2018 July 16, 2018 Subject: Notification of the additional investment in M.K. Real Estate Development Public Company Limited To: The President The Stock Exchange of Thailand Finansa Public

1.47 million baht or 28.26% due to the sluggish economy. 1.3) Revenue from selling of real estate increase 25.16 million baht or 100% due to the subsidiary company recognized revenue from selling of real

ended of 2017 and 2016 Revenue from sales of real estate 4,257.24 3,049.17 39.62 2,315.84 2,101.53 10.20 Revenue from rental and service 110.72 41.52 166.67 33.50 51.21 -34.58 Other income 153.91 236.39