CPN’s 1Q19 Profit Rises by a Small Margin to Record at THB 2,847 Million

CPN's net profit in 1Q19 stood at THB 2,847 million, an increase of 0.9% YoY, mainly impacted by non-recurring items and higher financing cost.

Central Pattana Public Company Limited (CPN) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

The performance of CPN in 1Q19 shows total revenue of THB 8,719 million, an increase of 9.5% YoY while the operating profit recorded at THB 3,325 million, an increase of 4.7% YoY. The increase was largely due to better overall business performance.

Net profit stood at THB 2,847 million, an increase of 0.88% YoY, mainly impacted by non-recurring items and higher financing cost. Following the adoption of Thai Financial Reporting Standard 15 (TFRS 15), CPN has amended the revenue and cost of food and beverages business, although the adjustment does not impact the net profit.

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