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
pressuring 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
%. • Consolidated CAPEX plan has been revised to THB 925 million (from THB 625 million) due to additional CAPEX for a new hotel under the ASAI brand. - THB 355 million for hotel renovations in Maldives, Pattaya and
2,196 million during 2Q18 mainly from the increase in premises and equipment expenses from the renovations of KKP Tower. Cost-to-income ratio excluding loss from sale of foreclosed assets and loss from
million, an increase of 5.0% from expenses of Baht 2,196 million during 2Q18 mainly from the increase in premises and equipment expenses from the renovations of KKP Tower. Cost-to-income ratio excluding