CPN’s operating results despite the impact on its revenue from rent and services from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold
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
renovation of three hotels under Dusit Thani brand, and caused by a temporarily weaker demand from catering and convention during the mourning period and the royal funeral of King Bhumibol Adulyadej. Earnings
also made continuous progress with the asset enhancement initiatives, particularly with CentralWorld, which is on track for completion in 3Q18. Preparations are also made with the major renovation
progress reached 91%. The project is due to complete in 3Q19. • In February, the Company partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited
(THB 4mn in the previous year) as the building is currently under renovation. Other income fell 2.7% YoY or THB 3mn to THB 108mn, mainly from reclassification of other (sundry) income and lower interest
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
3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company
, shoppers can enjoy 4D Trick Eye Museum, the first Augmented Reality Art Museum in the world, at B1 AQUARIA Phuket. Asset Enhancement Initiatives CPN continues the renovation of existing malls to enhance
Europe Development Bank Multilateral development bank Social housing for low-income persons Projects for the renovation, construction or refurbishing of housing and for the conversion of buildings into