Nov 14, 2023

No Comments CPN reveals 3Q23 net profit of 4,162 million baht, an increase of 45%, receiving more income from Dondo transfers. Space rental in shopping centers surged, supporting a net profit of 11,085 million baht in the first 9 months of 2023, an increase of 40%, moving forward with a 5-year business plan with average income growth of 14-16%. Central Pattana Public Company Limited or CPN reported operating results for the 3rd quarter of 2023 with a net profit of 4,161.64 million baht, an increase of 44.89% from the same period last year with a net profit of 2,872.10 million baht. For the first 9 months of 2023, there was a net profit. 11,085.36 million baht, an increase of 39.37% from the same period last year with a net profit of 7,953.80 million baht. The Company has continuously improved operating results in the 3rd quarter of 2023 due to the transfer of condominium projects. This was a significant increase from the previous quarter. The company had total operating income of 12,277 million baht and net profit of 4,162 million baht, an increase of 31% and 45% from the previous year, respectively. Total income and profits have adjusted. Better than the 3rd quarter of 2019 or before Covid at 30% and 48% respectively. Total revenue and profit increased 10% and 13% from the previous quarter, respectively. From the residential real estate business and there is a higher gross profit figure for the rental and service business. If excluding the impact of accounting standards In this quarter, the company There will be the highest net profit since the company’s founding, reaching 3,829 million baht, an increase of 49% from the previous year. In the third quarter, the number of visitors to shopping centers continued to remain stable from the previous quarter. Meanwhile, the average space occupancy rate remained at the same level as the second quarter for space expansion and new projects during Tromas, including the opening of a new convention center at Central Ubon Project to support Mice City. of the province The hotel business has opened two additional locations: Go! Hotel Sriracha, same area as Central Sriracha, on August 1, 2023 and Go! Hotel Chonburi, in the same area as Central Chonburi, on August 10, 2023, with both locations having 79 rooms each. In terms of residential real estate business The company opened the Baan Nirati Nakhon Si Thammarat project on August 24, 2023 with a project value of 677 million baht. This quarter transferred additional condominiums in the Ville Ayutthaya, Essen Hat Yai and Phil Phuket projects. The company Still pushing forward the business expansion plan continuously. The business goal is set in 5 years to have an average income growth of 14-16% between 2023 – 2020. 2023-11-13 02:05:00