- commissioning activities planned in December 2017 and startup early 2018. In addition to improved cash flows as a result of the better performance, the Company’s Balance Sheet al- so strengthened as a consequence
financial profile, driven by solid operating performance and reliable streams of income. The ratings continue to reflect CPN’s leading position in retail property development and management industry in
integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect
upgraded CPN’s rating and its ratings of senior unsecured debentures to “AA” from “AA-“. The upgrades reflect CPN’s stronger financial profile, driven by solid operating performance and reliable streams of
coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio
revenue streams to mitigate the risk of reliance on sales in China. Currently, the Company received good feedbacks from the market expansion in the Philippines but still could not compensate for the
from last year or 208.95 Baht. This is mainly due to the fact that in 2017, GWM’s revenue streams are mostly from medical product distribution as the hemodialysis solution production plant was still
stagnated for 85% since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify its revenue streams which mitigate the risk of
its revenue streams which mitigate the risk of reliance on sales in China. At present, the Company’s products are well - received in the Philippines but still could not make up for the slowdown in sales