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
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
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previous year) as the building was under renovation for the majority of the year. Other income grew 61.4% YoY or THB 261mn to THB 685mn, mainly from (i) higher interest income of THB 239mn, (ii) management
showed a decrease of Baht 134.8 million or 25.3% compared to the same period last year, primarily due to the delay completion of River Wing renovation project to mid-2020. This had an impact upon the
presentations, to both local and foreign visitors. The iconic attraction is a well-blended component of Central Phuket as the world’s shopping and leisure destination of choice. The major renovation at