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Friday, April 19, 2024

CPN beats 2022 earnings target with 28% increase

An artist’s impression of Marché Thonglor community mall which is scheduled to open next month.

Thailand’s largest retail property developer Central Pattana Plc (CPN) has reported earnings exceeding its target for 2022.

The company reported total earnings of 37.2 billion baht last year, up 28% from 2021, and a net profit of 10.8 billion baht, a 51% increase from the previous year.

CPN is continuing with its five-year investment plan under the strategy of retail-led mixed-use development, comprising shopping centres, residential projects, office buildings and hotels.

In the last quarter of 2022, the firm launched GO! Hotel Bowin in Chon Buri and “at work” at CentralWorld offices, which is a flexible work and lifestyle space that…

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