remain at levels similar to the previous year despite incurring higher cost of rental and services at CentralPlaza Rama 2 following the land lease extension. Hence, CPN is determined to exercise effective

various forms of exercise including food consumption or use products that are more focused on health. D Innovation, therefore, sees that business that is in line with consumer healthcare is a good

meet market demand in 3Q17. Therefore, the tailwinds in volume and margins are expected to handsomely beat earnings estimates on a fully diluted basis following the exercise of W1 warrants. 3 In last

were under heavy maintenance exercise. Selling Expenses For the second quarter and the six-month period of 2017, selling expenses were accounted for 7.2 percent and 7.5 percent of total operating

for the nine-month period comparing to last year due to wet lease arrangements to temporarily replace aircrafts which were under heavy maintenance exercise along with the delivery of additional

2017 comparing to last year due to wet lease arrangements to temporarily replace aircrafts which were under heavy maintenance exercise along with the delivery of additional of two aircrafts under

rate and Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 10 of 15 3.) higher administrative expense upon business expansion. Hence, CPN is determined to exercise

ลงทุนซื้อหุนอางอิง (u/l) ในอนาคต ตามราคาใชสิทธิ (exercise price) อัตราการใชสิทธิ และระยะเวลาใชสิทธิที่กําหนดไวลวงหนา เชน o DW หรือ warrant ที่ใหสิทธซ้ืิอหุน ปตท. ในราคา 230 บาท o อัตราสวน

new loan for business expansion to generate new revenue stream. CPN continues to exercise effective cost management and according to the changing business environment. Central Pattana Public Company

popularity survey and found out that there is a greater emphasis on health care throughout the world which can be seen from the fact that everyone focuses on various forms of exercise including food