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

CentralPlaza Rama 3, which is owned by CPNREIT and has undergone a 6-month renovation program completed and re-opened in December 2017 under the concept of “Where Nature Meets Urban Living”, a blend of urban

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

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

several hotels from a refurbishment program for performance uplift and the cease of operation of Dusit Thani Bangkok (which is the key revenue engine to the group) on 5 January 2019. Aiming to maintain

, 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

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

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

hotel business of Baht 794 million, decreased by 21.2% in 3Q19 and Baht 2,778 million in 9M19, decreased by 16.5% mainly from the closure of Dusit Thani Bangkok, a partial renovation at Dusit Thani Hua