CENTEL’s Profit Falls 6.5% to ฿825M in 1Q, Slightly Decrease in Hotel and Food Business

CENTEL’s profit falls 6.5% to ฿825 M in 1Q19, Slightly Decrease in Hotel and Food Businesses

Central Plaza Hotel Public Company Limited (CENTEL) has reported the 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

CENTEL reported a net profit of THB 825.91 million, a decreased of THB 57.1 million or 6.5% in the 1Q19 compared to the same period of last year at THB 883.04 million from a core operating profit which is Hotel Business and Food business in Thailand. However, CENTEL recognized the revenue of insurance claims totaling THB 80.6M as a result of fire damages that occurred at the Centralworld Shopping Mall, Big C Rajadamri, and Center One 2010.