ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
demonstrates the growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT
previous year) as the building was under renovation for the majority of the year. Other income grew 61.4% YoY or THB 261mn to THB 685mn, mainly from (i) higher interest income of THB 239mn, (ii) management
presentations, to both local and foreign visitors. The iconic attraction is a well-blended component of Central Phuket as the world’s shopping and leisure destination of choice. The major renovation at
increase of 7.6% or THB 160mn primarily due to an increase in property, plant and equipment of THB 187mn mainly from the renovation of Street Furniture media. However, this was partially offset by the
and legal consultancy fee Depending on the level of complexity of service. 7. Construction and renovation of existing building Depending on the design, building size, required materials and technique
hotel renovation. - Hotel Management Revenue from Hotel Management in FY2018 was THB 277 million, an increase of 27.7% yoy, from revenue from Elite Havens and a stronger operational performance of Dusit
new projects ie. land for new hospital in Saraburi province and investment in Nan-Ram Hospital but also renovation of existing hospitals. The While accrued SW income decreased, accounts receivables of
% yoy. This decrease was mainly from the closure of Dusit Thani Hotel Bangkok, a partial renovation at Dusit Thani Hotel Hua Hin which is currently operating the business, the economic slowdown and the