increase in revenue of Dusit Thani Laguna Phuket following the major renovation of its rooms and restaurants last year. Including DPKO, revenue decreased by THB 9 million or 1% yoy. - Revenue from overseas
% ownership in the project. This collaboration will enhance Central Village’s position to be the top luxury outlet destination in ASEAN. Asset Enhancement Initiatives Continues the renovation of existing malls
growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in
Magnitude of Luxury & Leisure Resort Shopping Destination”. Asset Enhancement Initiatives Major renovation at CentralWorld has been completed, ready to support new tenants. CPN continues the renovation of
million, results include the planned River Wing renovation works which significantly reduced available room inventory for sale. The target opening in October 2019 has been delayed, however the risk
depreciation 21% 24% -3% 24% 24% 0% Other income /(expenses) 4.72 4.81 -2% 14.20 10.29 38% Financing cost 4.32 1.15 275% 4.62 2.40 93% Tax (Note) 13.71 10.53 30% 31.53 (7.94) -497% Net profit 43.96 49.00 -10
depreciation 27% 29% -2% 25% 26% -1% Other income /(expenses) 4.33 5.00 -13% 18.53 15.29 21% Financing cost 3.83 0.58 556% 8.45 2.98 184% Tax (Note) 17.10 18.57 -8% 48.63 10.64 357% Net profit 75.08 74.43 1
(THB 4mn in the previous year) as the building is currently under renovation. Other income fell 2.7% YoY or THB 3mn to THB 108mn, mainly from reclassification of other (sundry) income and lower interest
impacted by non-recurring items and higher financing cost. Following the adoption of Thai Financial Reporting Standard 15 (TFRS 15), CPN has amended the revenue and cost of food and beverages business
decreased by Baht 217.1 million or 49.0% compared to the same period last year which was resulted from the renovation of the River Wing building that included the closure of 338 guestrooms, Verandah