income for the first quarter ended 31 March 2019 decreased by Baht 158.2 million or 22.9% compared to the same period last year which was resulted from the renovation of the River Wing building that
220.9 million or 55.4% 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, Riverside Terrace, and
ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna
1Q 2018 MD&A (for the quarter ended 31 March 2018) 5 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE UNDERWOOD STREET UNDER RENOVATION TST
demonstrates the 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
, operating profit would decrease by Baht 75.3 million or 45.6% if excluding the write-off of plant and equipment from the renovation of River Wing building amount of Baht 79.0 million. For expenditures, the
occupancy rate fell to 72.6% from 75.1% mainly as a result of the renovation impact of key hotels located in Czech Republic and Poland. Please note that this quarter included the full quarter performance of
due to increased room inventory following the completion of rooms renovation while increase in revenue at Dusit Thani Huahin contributed by improved occupancy rate. Revenue breakdown EBITDA breakdown