made by Indorama Ventures Public Company Limited (“IVL”) on 9th November, 2017 regarding the acquisition of the PTA assets of Artlant PTA S.A. and the adjacent utility assets of Artelia Ambiente, S.A. in
& maintenance costs and insurance premium and property tax of properties owned to earn rentals. In 3Q17, costs of rental and services increased by 3.2% YoY to THB 3,249 mn. The rise in cost of rental and services
Metropolitan Area (BMA), 18 projects in the provinces, and 1 project overseas), 30 food centers, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), 3 high-rise residential projects
, 4 high-rise residential projects for sale (totaling 1,677 units), and 1 low-rise residential project for sale (totaling 71 units in all phase), which includes the properties transferred to CPN Retail
(BMA), 18 projects in the provinces, and 1 project overseas), 30 food centers, 7 office towers, 2 hotel properties, 9 high-rise residential projects, 3 of which fully transferred, 2 of which on process
reported an increase of 2.3% from the previous year, excluding DPKO, mainly attributed to the increase in the occupancy rate of Dusit Princess Srinakarin following the rise in business groups, and the
at THB 12,894 mn, an increase of 2.1% YoY. The rate of increase is lower than the growth in revenue from rent and services, courtesy of effective utility cost management. The rise in cost comes from
% YoY. The rise in cost comes from the following factors. • Utility costs, a major component (accounts for approximately 30% of cost of rent and services) for shopping mall operations, increased from the
at THB 6,717 mn, an increase of 7.3% YoY). The rise in cost is higher than the increase in revenue and comes from the following factors. • Utility costs, a major component (accounts for approximately
has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized