Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

grow CG to raise the bar of good corporate governance so that it will be sustainable and well-received from the perspectives of both local and foreign investors.” The ASEAN CG Scorecard has been

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Yai and Chachoengsao branch). Industry Overview The retail industry in 2018 is expected to grow but at moderate level since the purchasing power of middle and low income consumers, who are the main

distributor in late October last year. Moreover, the Company’s sales continued to grow in many countries, e.g., CLMV countries (Cambodia/Laos/Myanmar/Vietnam), USA and Indonesia, etc. Gross Margin In the fourth

maintain sales. Furthermore, the Company’s direction to grow house brand products, demonstrated higher proportionate in Y2019 to 65.89% which increasing compared to 61.39% in Y2018, resulted in higher gross

million baht, an increase of 168.68 million baht or 105.06 percent from 160.55 million baht in the same period of last year. Company plans and grow from revenue recognition from Sun Express Logistics Pte

revenue from hospital oprerations continued to grow. WATTANAPAT HOSPITAL TRANG PUBLIC COMPANY LIMITED Administrative Expenses For the year 2015 and 2016, The Company and its subsidiary incurred

for the third consecutive year from mid-November to early December. The performance of the Company and its subsidiaries continued to grow, recording total revenue and profit at baht 64,234.49 million

to identify capable candidate to join the Company. 2) Financial costs The Company had set strategy to grow from sale of real estate, especially low- rise housing projects. In the meantime, the Company