CPN Books ฿9.5Bn of Profit in 2020, Offering Bt0.70 of Dividend with an XD on March 4

CPN Books ฿9.5Bn of Profit in 2020, Offering Bt0.70 of Dividend with an XD on March 4, 2021.

Central Pattana Public Company Limited (CPN) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

In 2020, CPN reported a net profit of 9,557 million baht, decreased 18.58% from a net profit of 11,735 million baht in 2019. The decrease was due to rental and services business being significantly affected by COVID-19 situation, resulting in a temporary closure of 34 shopping malls between 45-56 days.

 

CPN reported total revenue of 27,798 million baht, a decrease of 27% YoY (for 4Q20, the company reported total revenue of 8,175 million, a decrease of 24.4% YoY) mainly from a decrease of revenue from rental and services as the Company remained relief measure by waving and providing rent discount to tenants who impacted by COVID-19 during the year and the second wave outbreak in 4Q20.

 

Meanwhile, the company reported total costs of 15,969 million baht, a decrease of 11.7% YoY (for 4Q20, the company reported total cost of 4,484 million baht, a decrease of 9.9% YoY) mainly from effective cost reduction even though resumed all mall operations whilst other costs still lower from the year earlier, in line with a decrease in revenue.

 

In addition, the Board of Director of CPN approved the resolution to pay a dividend of ฿0.70/share on April 21, 2021. The ex-dividend date is March 4, 2021.

 

คำค้น