Central Pattana Public Company Limited (SET: CPN) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
2,753.44 | 1,268.56 |
| Earning Per Share (Baht) |
0.6100 | 0.2800 |
| % Change | 117.05 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
5,081.70 | 5,103.22 |
| Earning Per Share (Baht) | 1.1300 | 1.1400 |
| % Change | -0.42 | |
The company presented a 268% YOY and 7% QOQ growth in 2Q22 net profit of 2,313 million baht with a net margin of 25%. The company received higher investment income and share of profit from an investment as recovery progressed, and so did an income tax expense.
In 2Q22, the company had a total income of 8,731 million baht, which increased 54% YOY and 10% QOQ from a steady improvement in all core businesses especially hotel, food center service, and residential for sale.
The company showed a 2Q22 gross profit of 4,323 million baht, up 107% YOY and 12% QOQ. The gross margin was 50%, up from 37% a year earlier and 49% a previous quarter, owing to an increase in income more than that in cost. The company maintains its efficient cost control amid rising operating cost conditions.
In 2Q22, the company posted a one-off profit before tax of 345 million baht from a sale of a 10% investment portion in a joint-venture company “Vimarnsuriya Co., Ltd” to Dusit Thani PLC. per a previous agreement. The company’s share in a joint-venture company remained at 30% .
