higher gross profit margin resulted from temporary suspension of SHR’s hotels since April, leaving only high gross profit margin business like residential business and commercial business to be included in

investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs During 2017, the Company reported the record-high net profit of THB 3,266.4 mm, which increased

consecutively), with record high revenue of THB 282, an increase by 45.8% YoY and the high quarterly profit of THB 73mn. Consequently, we recorded the biggest annual revenue and profit in the company history in

transactions in 2nd quarter as mentioned above, the previous year 6-month profit was exceptionally high from subsidiary’s deferred tax income recorded in the 1st quarter of 2017 for amount of THB 28.6 million

year were high selling price units. Gross profit from F&B business was THB 4.4mn, represented GPM of 40.6%. Selling and Administrative Expenses (SG&A) SG&A in 2Q18 was THB 191.7mn, increased 7.8% YoY or

was resulted from the decrease in profit from the shutdown of Khanom Power Plant Unit 2 and 3, which in 2016 has a high profit from the reduction of provision for decommissioning liability. Page 21

profit before income tax because high proportion of the increase in profit before income tax expense was derived from subsidiaries’ promoted operations, which were exempt from corporate income tax. Profit

relatively low gross margins of the projects delivered in Q2-2017, while the gross margin in Q1-2017 was so high that the change rate of profit for this period was not in line with the change rate of its

Deposits Total non-cu otal Assets abilities and S ade and othe ment Discussio t Public Comp rvices costs rcent. This w Profit mpany had ercent high 5.1 million n revenues and Admin mpany had million baht 7

Deposits Total non-cu otal Assets abilities and S ade and othe ment Discussio t Public Comp rvices costs rcent. This w Profit mpany had ercent high 5.1 million n revenues and Admin mpany had million baht 7