construction of the new Latkrabang factory was completed and production capacity of Phase 3 was partly expanded, which led to solid revenue growth and profitability. We still experienced a number of challenging
other 3 buildings are still under development. Expected to be completed in 2020. Project the Award Patong Phuket provice, phase 1, which is a condominium unit for sale. Phase 2 is still under development
revenue and generate a sustain long-term returns. In 2019, CPN progressed with the following asset enhancement initiatives. • The major renovation at CentralWorld, has been started phase by phase since 4Q16
Maldives for the part that Boonrawd Group has the right to develop (“Project Crossroads Phase 2”). The total value of the Master Page 2 from 4 Service Agreement is approximately THB 96 million. The term of
supported by an increase in capacity from the investment in Phase 3 at the new plant, and the appreciation of the Baht. Cost of Sales and Gross Profit The profit margin increased slightly Q-o-Q, but dropped Y
to sales volume growth that was supported by an increase in capacity from the investment in Phase 3 at the new plant, but mainly offset by the appreciation of the Baht. Cost of Sales and Gross Profit
Project CROSSROADS Phase 1 which commenced the operation on September 1, 2019. Significant Developments Disposal of shares On February 17, 2020, according to the terms under the Joint Venture Agreement, in
compared with the same quarter last year was due to the expedited delivery of projects such as USO (Phase 2), Cable Landing Station and CAT-IDC, together with the revenue recognition of MA USO (Phase 1
Human Rights for the Business Sector in the Thai Capital Market Project (Phase 3). The workshop aimed to encourage the business sector to operate with consideration for human rights, in line with the
highlighted the SEC's mission as outlined in the National Action Plan on Business and Human Rights, Phase 2 (2023 - 2027), and emphasized the importance of enhancing knowledge and understanding of the business