of associates and joint ventures -8.77 - - - - - Financial cost -44.27 -20.24 118.73 -62.43 -29.16 144.09 Income taxed expense -14.78 -62.80 -76.46 -9.62 -37.72 -74.50 Net profit 6.48 149.89 -95.68

as a result of 10% lower electricity dispatch and 17% drop in average coal price. Revenue of HHPC also decreased yoy due to this year's drought situation. Cost of Sales of Goods and Rendering of

733 HRC Average Selling Price (Bht./ton) 18,690 16,163 HRC Cash Margin (Bht./Ton) 1,700 1,586 Unit: million Baht 31 December 2017 31 December 2016 Fin an cia l St at us Total Liabilities 5,492 5,871

in subsidiary - (25) 25 100.00 Loss on exchange rates (4,456) (2,971) (1,485) 49.98 Profit (loss) before finance cost and income tax expense 5,403 (4,952) 10,355 209.11 Finance cost (2,962) (485

and total portfolio and a strong growth of both domestic and overseas subsidiaries. In addition, the Company efficiently managed the selling, general and administrative expense and funding cost. 2

119.78 2.53 117.25 4,634.39 Cost of construction contracts (368.25) (333.53) 34.72 10.41 Gross profit 46.09 41.01 5.08 12.38 Other income 2.70 0.27 2.43 910.24 Administrative expenses (21.86) (16.63) 5.23

2,383.46 million, dropped by THB 394.09 million or 14.19% down from 2017 primarily from higher corn price. Consequently, cost of sales for 2018 contributed of 85. 68% of total sales, raised from 83. 59% in

shopping mall (certain parts) and Hilton Pattaya to CPNREIT for 20 years, ending 31 August 2037, with the net asset price of THB 11,908 mn. 3. The establishment of CPN REIT Management Company Limited, CPN’s

Year 2016 Year 2015 - Other revenue 21.17 34.95 32.12 ▪ Total expense 406.98 400.81 339.83 - Cost of goods sold 178.55 147.31 115.71 - Operating expense 288.43 253.50 224.12 ▪ Profit (loss) for the year

Company’s net profit for the year 2019 was 51.89% , decreased by 9.62%, an increase in cost of sales corresponding with the increase of sales revenue. And Product Mix and one-time expense for the year 2019 as