Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended December 31, 2018 To: President The Stock
normalized rental and service income increased by 26.9%, mainly due to increase in lettable area for both logistics and industrial properties. Gross profit from rental and service of warehouses, distribution
and did not affect the Company’s cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in associates decreased by 6.3%. However, if excluding the FX
by Baht 10 .97 million (mostly interest paid on loans from directors and financial institutions) 3. Net profit attributable to parent companies for the three months as of August 31, 2017, divided to
impacted our net profit leading to a decrease of THB 398 million. Central Retail Corporation Public Company Limited Management discussion and analysis /Page 3 Financial summary for the three-month period
2018. Which the normalized net profit increased by 102.0%, compared to the same period of 2018 FINANCIAL PERFORMANCE FOR 3 MONTHS AND 9 MONTHS ENDED 30 SEPTEMBER 2019 Consolidated Financial Statements Q3
criteria for determining taxable incomes, resulting in deferred tax. As a result, the Company's net loss from continuing operations for the year ended 3 1 May 2018 was Baht 302.53 million, net profit of Baht
for the 3 rd quarter of 2019 showed the profit (attributable to owners of the Company) of THB 1,364.84 million, decreasing by THB 315.69 million. The main reason was Ratchaburi Power Plants had
deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned
) (247.7) Profit Attributable to Owner of the Company 816.69 1,358.44 (541.75) (39.9) Earnings per share (Baht) 0.56 0.94 Fuel Cost 6,539.55 7,074.14 Increase (Decrease) % Quarter 1 The operating result, for