Central Plaza Hotel Public Company Limited (SET: CENTEL) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
-78.06 | -803.32 |
| Earning Per Share (Baht) |
-0.0600 | -0.6000 |
| % Change | -90.28 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
-99.69 | -1,885.54 |
| Earning Per Share (Baht) | -0.0700 | -1.4000 |
| % Change | -94.71 | |
CENTEL reported a net loss of Baht 78 million baht in 3Q22, a significant improvement from a net loss of Baht 803 million in 3Q21, but fell from a net profit of Baht 22 million in 2Q22.
CENTEL stated that it had total revenues of Baht 4,492 million, an increase of Baht 2,067 million or 85% YoY. Meanwhile, gross profit margin for the period was 58% of the revenues (excluding other income), representing an increase from the same period last year of 54% mainly due to the recovery of the hotel and food business.
As of September 30, 2022, CENTEL had hotels under management in a total of 91 hotels (19,366 rooms); with 49 hotels (10,225 rooms) already in operation together with other 42 hotels (9,141 rooms) still under development. Of the 49 hotels already in operation, 19 hotels (5,050 rooms) are owned and operated by the company, with the other 30 hotels (5,175 rooms) being operated under the company’s Hotel Management Agreements. As of September 30, 2022, Three hotels were still closed, including one owned hotel, Centara Kata Resort Phuket with 163 rooms.
For operating performance in Q3/2022, the food business achieved Total Revenues of Baht 2,984 million, an increase of Baht 980 million or 49%. The company reported the Same Store Sales (%SSS) growth of 43% compared to the same period last year and Total System Sales (TSS) grew by 51% YoY. In this quarter, the food business continued its improvement, particularly the outstanding growth of dine-in according to continued signs of improvement in the COVID-19 situation.
