quarter of 2018. 2) Service & Administrative expenses was Bt66. 1 4 mn, represented 7.9% of total revenues from core business, which decreased from last period represented 8.4%, due to effective cost

was Bt270mn, represented 8.7% of total revenues from core business, which decreased from last period represented 8.9%, due to effective cost control. Profit 1) Gross profit in 2017 was Bt732mn, an

16). Net Profit (Loss) and Net Profit (Loss) Margin In the 1st quarter of 2021, the net profit was THB 28.5 Mn, an increase of THB 72.7 Mn. The main reasons were effective cost and expenses management

to generate revenue stream amidst softened tourism sentiment. However, both hotels showed effective cost control in both room and food and beverage management. Cost of sales In 3Q19, CPN reported costs

hotels showed effective cost control in both room and food and beverage management. Cost of sales In 2Q19, CPN reported costs of sales at THB 284 mn, a decrease of 63.3% YoY (for the first six months of

REIT (“CPNREIT”) in December 2017, and the increase in utility cost due to the increase in electricity Ft rate since May 2017. CPN continues to emphasize on effective revenue generation through new

channel has expanded significantly, as well as effective cost management has resulted in maintaining profit margin at a good level. (2) Analysis of Operating Results and Profitability (2.1) Revenues from

be Baht 446.70 million or an increase of 33.26 percent, due to expansion of distribution channels and effective cost management having resulted in maintaining profit margin at a good level. (2

while other non-interest income declined yoy. Overall operating expenses also declined from effective cost management when comparing to the same period last year. The Bank continued to remain prudent when

MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement) to financial liabilities which measured at amortized cost with effective interest rate