CPN rakes 10 billion in Q1 revenue Plan to open a new department store, spending 1.35 billion, continuously expanding wings
On May 15, reporters reported that Central Pattana Public Company Limited or CPN Reporting to the Stock Exchange of Thailand on the results for the first quarter of 2023, the company’s operating income was 10,291 million baht, an increase of 27% from the same period last year. The rental and service business had an income of 8,751 million baht, an increase of 23%. Food center business had an income of 207 million baht, an increase of 73%. Hotel business had an income of 353 million baht, an increase of 179%.
Residential real estate business earned 670 million baht, an increase of 54%, other income totaled 309 million baht, an increase of 6%, with an operating profit of 3,784 million baht and a net profit of 2,941 million baht, an improvement from the same period. of the previous year increased by 42% and 44%, respectively, due to the increase in shopping center users and shopping.
The company continues to expand its business, setting a target for 5 years (2023-2027) with an average revenue growth of 14-16%, although the real estate business and the hotel business are the main drivers of the growth rate. During these 5 years, the Company still focuses on the development of shopping center projects. with a plan to increase the rental area by an average of 100,000 square meters per year, including using its strengths
of shopping center business expands to other businesses such as real estate, hotels, office buildings will make the shopping center project more complete This will not only increase revenue and increase business opportunities. It is also a business risk diversification.
For the plan in 2023 after the first quarter Open Community Mall Marche Thonglor and Centara Hotel Ubon Ratchathani and will open next time Central Westville, Ratchaphruek Road worth 3,600 million baht, with a sales area of 32,000 square meters in October 2023, the hotel plans to open Go! Otel at Robinson Ban Chang in May and Central Sriracha including Central Chonburi in June and opened Centara Hotel Ayutthaya in October, including Centara One Rayong in December
For the housing business, 7 projects will be launched, worth more than 9 billion baht, comprising 3 high-rise projects, namely Escent, Phetchaburi, Buriram and Bangna, and 4 low-rise projects, namely Nirati, Nakhon Si Thammarat. and Neerada Rama 2, Utthayan and Ekachai
While in 2024 it will open Central Nakhon Sawan Investment budget 4,500 million baht, with a sales area of 29,000 square meters in the first quarter of 2024, Central Nakhon Pathom The investment budget is 3,800 million baht, with a sales area of 25,000 square meters, opening in the second quarter of 2024, Central Krabi The investment budget is 2,300 million baht, with a sales area of 22,000 square meters, opening in the 4th quarter of 2024, Dusit Central Park The joint venture project with Sithanee Public Company Limited has a shopping center area of 80,000 square meters, an office building of 90,000 square meters, a hotel with 250 rooms and a residence of 550 units, with an investment budget of 46,000 million baht and will be gradually opened in 2024. go
It also plans to develop five large mixed-use projects, including the Dusit Central Park project, within the next 5-10 years, setting an investment budget of 135 billion baht for the 5-year project development plan, with the investment budget coming from cash flow from activities. operate
2023-05-15 05:50:30
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