able to conserve cash to ensure that the Group is in a solid position going forward. Although the financial impacts from all the cost savings measures could not compensate for the loss of revenue in the
year. As a result, same-store utility cost increased 3.2% YoY, which was lower than the increase in electricity Ft rate, and partly down to CPN’s continuous effort to conserve energy usage. Hence, the
partly down to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate
2020 MD&A 6 We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement
key to help them thrive in this new digital world. • Public school children, adolescents and adult caretakers including parents and teachers in areas where Millicom operates and where there is little or
the second rank, and continues to consistently thrive with the cumulative market share of 2018 at 15.8%. Net marketing margin was within proximity of 2017 levels, although was affected by the
last year. As a result, same-store utility cost increased only 0.9% YoY, thanks to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the
CPN’s continuous effort to conserve energy and utilities in operations. • Higher maintenance, repair and personnel expenses to support the expansion of new shopping malls. Cost of food center services CPN
electricity unit consumption compared to last year. As a result, same-store utility cost increased only 1.8% YoY, thanks to CPN’s continuous effort to conserve energy and utilities in operations. Central