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
renovation at CentralWorld, which has been ongoing in phases since 4Q16, is progressing as planned and on-track for gradual re-launch in 3Q18. In 2Q18, the occupancy rate of CentralWorld stood at 82%, similar
2,690USD/ton from 1,796USD/ton in H1 2016, compensating for the lower sales volume that decreased by 15%. However the exchange rate of THB against the USD during H1 2017 appreciated to 34.88THB/USD compared
enhancement initiatives. • Major renovation at CentralWorld, which has been ongoing in phases since 4Q16, is progressing as planned and on-track for full re-launch in 4Q18. In 3Q18, the occupancy rate of
of 2017, the average occupancy rate for CPN’s retail properties stood at 92%, slightly lower from the previous quarter due to major renovations at both CentralWorld and CentralPlaza Rama 3. CPN
) increased 68 keys under AHS management contracts. The Average Daily Rate (ADR) decreased by THB 523 per night as a result of (i) the THB appreciation against EUR (THB appreciated from 35.70 THB/EUR in 2Q 2019
, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility
and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code
with either of the following rules: (2.1) A fixed rate or a percentage rate of the NAV or net asset value of the mutual fund; (2.2) A performance based management fee rate. (3) Fees on each sales or