Central Plaza Hotel Public Company Limited (SET: CENTEL) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
73.77 | -78.06 |
| Earning Per Share (Baht) |
0.050 | -0.060 |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
823.48 | -99.69 |
| Earning Per Share (Baht) |
0.61 | -0.07 |
CENTEL reported a net profit of 73 million baht in 3Q23, a turn around from 78 million baht of net loss last year. The recovery in 3Q23 was due to higher revenue from its hotel business.
The number of international tourist arrivals in 3Q23 continuously increased to 7 million, a growth of 98% Year on Year (YoY). Chinese and Malaysians reported significant growth by 12 times and 58% compared to the same period last year. The top three arrivals were from Malaysia 17%, China 15%, South Korea and India with equal contributions of 6% of total arrivals each.
The company achieved total revenues of Baht 5,416 million (3Q22: Baht 4,492 million), an increase of Baht 924 million (or a rise of 21% YoY), with the proportion of total revenues between the hotel business and the food business being 43%:57% (3Q22: 34%:66%); while a Gross Profit was Baht 2,908 million, an increase of 13% YoY and represented a Gross Profit Margin of 56% of the revenues (excluding other income).
