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Friday, May 3, 2024

Resilient CPN records profit of B7.1bn

The CentralWorld shopping plaza in Bangkok.

SET-listed retail and property developer Central Pattana Plc (CPN) said 2021 saw 28.9 billion baht in revenue and 7.1 billion baht in net profit amid Covid-19 headwinds.

Naparat Sriwanvit, CPN chief financial officer, called 2021 another challenging year for the company because the pandemic had affected customers’ lifestyles and many businesses more so than in the previous year.

“Despite the challenges, Central Pattana carried out its best efforts with the utmost professionalism to adjust strategies to cope with various situations as well as cost-effective management implementation to minimise the impact on company performance and to maintain the interests of all stakeholders,” Ms Naparat said.

“As a result, the financial performance of 2021, although lower than…

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