2019. For 2020, the Thai economy is projected to continue to be in a ‘low growth, low rates’ environment. Main headwinds include: (1) the weakness in global growth particularly the Chinese economic
the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main
consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its subsidiaries (collectively, “GFPT Group”) for the 3rd Quarter 2017 as well as included any significant
quarter of 2018. The main reason was a decline of Baht 4,143 million or 25.3 percent in operating expenses, mainly because of the recognition of provision for post- employment benefits in the previous
quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks
shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately 1.7 mn sqm., a YoY increase from
December 2017. CPN continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping
73 million in 3Q19 while reported net loss of Baht 60 million in 3Q2018. The closure of Dusit Thani Hotel Bangkok at the beginning of the year was the main reason to the decrease in business’s result