88 million baht or 5% y-y and 3% q-q. However, the Company still maintained effective operating cost control with cost to income ratio at 35% of total revenues. Considering the Company’s separate

baht, an increase of 1.0% q- q. However, the Company still maintained effective operating cost control with cost to income ratio at 36.4% of total revenues, reduced from 37.7% of previous year

because the Company can control effective operating and administrative expenses well in accordance to the Digitalization plan, which reducing some operating and administrative expenses. The operating and

, therefore, could be referred as a mechanism that reflects the control of the Company and subsidiaries over the investment in ICUK, which is indirectly held by CVHLUX. ICUK’s performance and financial position

beyond current shareholding of 51%. The Change of overseas subsidiaries’ capital structure, therefore, could be referred as a mechanism that reflects the control of the Company and subsidiaries over the

9,893 mn, a 7.0% increase YoY. 5.5% YoY in line with the growth of revenues. Both hotels showed effective cost control in both room and food and beverage management. Administrative Expenses Total

exports to China fell from the severe cold weather.  Export CMG sales decreased by c.35% as the Company has implemented new preventive measures since Q2/2017 to control the quality of coconut water

. This was driven by a significant decrease in advertising and promotional expenses in the UK market under the operation of ICUK aligning to the spending control scheme in order to achieve an appropriate

operations In 1Q18, CPN reported costs of hotel operations at THB 87 mn, an increase of 1.5% YoY in line with the growth of revenues. Both hotels showed effective cost control in both room and food and

showed effective cost control in both room and food and beverage management. Cost of sales In 1Q18, CPN reported cost of sales at THB 774 mn (for the first six months of 2018, the figure stood at THB 909