HIGHLIGHTS Total revenue increased by 81.8%, mainly from significantly increase in income from sale of real estate due to increase in land transfer this quarter, compared to the same period of pervious year
(NLA) of 1.6 mn sqm. 2Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) on 31 May 2017, the Board of Directors has
Board of Directors passed a resolution to adjust the principal business policy to real estate development. Later, the company expanded its property development business to industrial estate projects. And
estate development business, as well as hotel and real estate management, the Company group is interested in providing managing services for the Project Crossroads Phase 2 of Boonrawd Group under the
has invested in the real estate business in August 2019, which is the beginning period of the business operations, resulting in operating losses. The company expects to recognising revenues and costs in
working capital and partial debt repayment. Property Development Business: The Company continues to explore the opportunity in real estate business by partnership with strong strategic partners. • Mixed-use
debt to equity ratio was 1.34 times. Forward Looking The Company has a performance according to the plan. In the year 2019, the company is in the process of real estate development for sale of
of Baht 646 million, the majority is Dusit Thani Freehold and Leasehold Real Estate Investment Trust. Cash outflow for purchases of property plant and equipment and other intangible assets of Baht
comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog