reduction in dividend payout of the Company’s subsidiaries that were under expansions and renovations. In Q3/2019, total revenues increased from Q3/2018 by Baht 49.0 million from Baht 1,558.6 million to Baht
of 2017, the average occupancy rate for CPN’s retail properties stood at 92%, slightly lower from the previous quarter due to major renovations at both CentralWorld and CentralPlaza Rama 3. CPN
year. Finally, higher maintenance costs from scheduled kiln overhauls were a main contributor to the cost increase however that was a necessary sacrifice to improve capacity availability. Income tax was
net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare
has been significantly completed as of 4Q18 • Major renovations comprises 1.) CentralWorld, which has been ongoing in phases since 4Q16, has been significantly re-developed as of 4Q18. At the end of
commenced in 2018 and to be completed in 2019 comprises major renovations at 1.) CentralPlaza Chiangrai and Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 3 of 15 CPN
additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments
level to previous quarter but dropped from 92% YoY. • Major renovations at 2 shopping malls namely 1.) CentralPlaza Chiangrai and 2.) CentralPlaza Chonburi. Consistently posting strong performances, the
CentralWorld stood at 86%, a slight increase from 3Q17 at 83%. • Major renovations at 2 shopping malls namely 1.) CentralPlaza Chiangrai and 2.) CentralPlaza Chonburi. Consistently posting strong performances