was THB 122 million, a slight decrease from THB 124 million in 1Q17 due to the reasons mentioned above. Unit: THB mn 1Q18 1Q17 Change Amount % Hotel Business 1,364 1,324 40 3.0 Education Business 122

THB 325 million in correspondence to the group’s asset restructuring. Without this non-recurring gain, total revenue was THB 5,245 million, a 3.3% decrease from 2016. The decline was attributable to the

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

of income generating assets from the EBT of UE since 16 March 2018, whose revenue contribution this quarter amounted to THB 119mn, being partially offset by (iii) a decrease of 25.8% YoY or THB 29mn of

3Q17 was 83%, a decrease from the previous quarter at 92%. Consequently, the income contribution of CentralWorld was lowered YoY. 2) Minor renovations have taken place at two shopping malls under CPNRF

three-month period ended 30 June 2019) 4 U CITY PCL THB 3,071/night. This caused the RevPAR of our hotel to drop by 9 THB/night to THB 2,268/night. The decrease in ADR and RevPAR of our European portfolio

million compare with performance for the prior year appear as comprehensive operating net Profit of the Company THB 122.62 million, decrease in Profit from the prior year THB 118.61 million, due to the

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

leasehold rights of THB 442mn, from the acquisition of leasehold hotels in the EBT of UE, being partially offset by (x) a decrease in receivables from sales of investments in subsidiaries of THB 721mn, (xi) a

: 1. Sales Revenue 1.1 Sales revenue for the 3-months period ended 31 October 2019 For the 3-months period ended 31 October 2019, INGRS registered sales revenue of Baht 695.34 million, a decrease by