pressure on mobile revenue resulting in a -0.7% YoY drop, but with a lesser magnitude compared to a drop in 1H21 vs 1H20 of -2.2%. The broadband business continued to be a key engine of growth, growing the

. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth

. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth

administrative (SG&A) expenses In 2020, the Company forecasts that its SG&A expenses should trend higher at a similar magnitude to the revenue growth, such as marketing expenditure that contribute to revenue

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

. In 3Q18, the Thai economy extends its growth momentum following the GDP expansion by 4.6% in 2Q18. The growth is attributed to a number of factors, namely 1.) strong export growth despite a slight

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 12 Executive Summary Growth in both revenue and net profit demonstrates the effectiveness of retail

while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

Q4/2018 operating results, the loss magnitude should be less than the Q3/2018 results. The Company anticipates its performance to recover in 2019 with sales growth target of 5-10%, mainly supported by

measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease