hotel renovation. - Hotel Management Revenue from Hotel Management in FY2018 was THB 277 million, an increase of 27.7% yoy, from revenue from Elite Havens and a stronger operational performance of Dusit
% increase by 1. 3% when comparing to the year 2016 (in 2016: 12.6% / in 2017: 13.9%). The increase of administrative expenses was due to the renovation of its housing projects and common area readily for
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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
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
revenue for the next few years, and it has developed a prudent strategy to maintain return to shareholders during this time. This has included restructuring DTC to allow for greater flexibility and enhanced