& Administrative expenses was Bt63mn, represented 7.9%of total revenues from core business, which decreased from last period, due to effective cost control. Profit 1) Gross profit was Bt184mn, increasing 25.7% YoY

with the increasing number of kiosks. 2) Service & Administrative expenses was Bt63mn, represented 7.9%of total revenues from core business, which decreased from last period, due to effective cost

great emphasis on effective revenue generation from new malls, asset enhancement, coupled with efficient operating costs management. Currently, CPN manages 30 shopping malls with the net leasable area

classification may somewhat help ease the impact of deteriorating quality of normal loan to NPLs. Meanwhile, most banks are expected to emphasize efficient cost management and adjust their operating strategies in

......................................................................................................................... 9 A Spectrum of Engagement Intensity ................................................................................................................11 Effective Letter-Writing

placing a great emphasis on effective revenue generation and efficient cost management. CPN currently manages 30 shopping malls with the net leasable area (NLA) of approximately 1.6 mn sqm. In 3Q17, the

maintained effective operating cost control with cost to income ratio at 38% of total revenues. 5 Considering the Company’s separate financial statement, the operating and administrative expenses as a

other expenses were 2,035 million baht, increased by 112 million baht or 6% y-y due to increase of advertising expense 55% y-y. However, the Company still maintained effective operating cost control with

efficient and effective monitoring process. Along the same line, the inspection results of individual engagements showed promising improvement of audit quality in the capital market, as reflected in the

the concession agreement) to financial liabilities which measured at amortized cost with effective interest rate. The Company recorded interest expense from the MRT Purple Line Project in the third