Central Phuket Floresta. At the end of 3Q18, the average occupancy rate for CPN’s retail properties stood at 92%, similar level YoY. Central Pattana Public Company Limited Management’s Discussion and

margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW

stated at -11.2% due to the lower rate of the decrease in cost of sales and services resulting to the decrease in gross profit margin of the first quarter of the year 2019 to 47.8% while for the first

165.4 10.2% Net gain (loss) on exchange rate 112.2 (58.6) 37.6 (72.4) (110.0) N.A.(100) Gain (loss) on forward contracts 49.5 (50.8) 8.4 (19.2) (27.6) N.A.(

' development progress not achieve the Company's target. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Page 2 2. Operation performance according to

million or 72% resulted from higher demand from customers at Rayong Central Utility Plants due to no maintenance shutdown, together with the higher Ft rate, and the COD of IRPC-CP for both phases in Q4/2017

growth from baht appreciation and world-trade sluggish. However, the Thai economy is attributed mainly by number of factors, namely 1.) growth in private consumption continues despite a lower rate of

investment in infrastructure 3.) growth in private consumption continues despite a lower rate of growth however, government subsidy to the low-income citizens could help stimulate near-term consumption

profit 463.1 465.6 496.5 6.6% 7.2% 1,337.0 1,401.5 4.8% Net gain on exchange rate 37.6 30.9 83.6 170.6% 122.3% 91.2 169.6 86.0% Gain on forward contracts 8.4 4.5 6.0 33.3% (28.6%) 7.1 21.7 205.6% Gain from

circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2019, from 4.1% to 3.8%, as well as maintain the policy rate at 1.75% to balance the economic growth momentum and the stability of