Central Pattana Public Co. Ltd.

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See more articles on Central Pattana Public Co. Ltd.

Company Background

Central Pattana is the property development and management arm of Central Group, a Thai retail conglomeragte. It controls 20% of metropolitan Bangkok's shopping mall rental space. The company manages some 25 shopping centers nationwide under the CentralWorld, CentralPlaza and CentralFestival brands, as well as offices, hotels and residential properties.

Central Group was founded by Chinese immigrant Tiang Chirathivat. He entered the retail business in 1927, opening a general merchandise store in Bangkok and Thailand's first department store in 1956. Central Pattana was established in 1980, after Tiang was succeeded by his eldest son, Samrit, to prepare for the group's entry into shopping malls. Its first development was CentralPlaza Ladprao, which opened in 1982 in northern Bangkok. In 2006, it opened CentralWorld in central Bangkok, which became the largest shopping complex in Southeast Asia.

At present, the Central Group and the Chirathivat family hold a combined 55% stake in Central Pattana. Suthichai Chirathivat, the sixth son of Tiang, is chairman of the board.

Business Summary

Central Pattana Public Co. Ltd. engages in the business of real properties. It focuses on the development of shopping complexes and other complementary mixed-use projects, which include residences, office buildings, and hotels. The company was founded on June 17, 1980 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019	THB	USD
Revenue	38,092.57M	1,227.01M
Gross Profit	20,006.23M	644.43M
Operating income	12,355.95M	398.00M
Income before tax	12,853.35M	414.02M
Net income	11,738.40M	378.11M
EBITDA	18,439.24M	593.95M
Diluted EPS	2.61	0.08
Dividends Per Share	1.30	0.04
Total Assets	170,035.59M	5,676.60M
Total liabilities	89,573.33M	2,990.38M
Total equity	72,128.40M	2,407.99M
Operating cash flow	17,899.75M	576.57M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	24,307.01M	27,660.69M	31,117.28M	35,316.83M	38,092.57M
Gross Profit	11,141.10M	13,115.60M	16,107.72M	18,853.90M	20,006.23M
Operating income	7,134.11M	8,580.63M	11,125.32M	12,313.27M	12,355.95M
Income before tax	8,698.94M	10,180.44M	14,625.32M	12,453.10M	12,853.35M
Net income	7,880.31M	9,243.79M	13,567.64M	11,215.65M	11,738.40M
EBITDA	11,046.14M	13,254.01M	16,803.70M	17,559.09M	18,439.24M
Diluted EPS	1.76	2.06	3.02	2.49	2.61
Dividends Per Share	0.70	0.83	1.40	1.10	1.30
Total Assets	103,044.63M	104,976.79M	120,948.88M	161,917.87M	170,035.59M
Total liabilities	56,243.51M	51,971.99M	57,069.10M	87,742.13M	89,573.33M
Total equity	45,936.59M	52,037.04M	61,801.02M	65,726.01M	72,128.40M
Operating cash flow	13,835.44M	14,609.08M	26,913.79M	17,463.11M	17,899.75M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	709.22M	784.02M	917.00M	1,092.47M	1,227.01M
Gross Profit	325.07M	371.75M	474.68M	583.22M	644.43M
Operating income	208.15M	243.21M	327.85M	380.89M	398.00M
Income before tax	253.81M	288.55M	430.99M	385.22M	414.02M
Net income	229.92M	262.00M	399.83M	346.94M	378.11M
EBITDA	322.30M	375.67M	495.19M	543.16M	593.95M
Diluted EPS	0.05	0.05	0.08	0.07	0.08
Dividends Per Share	0.02	0.02	0.04	0.03	0.04
Total Assets	2,863.54M	2,931.45M	3,711.22M	4,972.90M	5,676.60M
Total liabilities	1,562.97M	1,451.30M	1,751.12M	2,694.78M	2,990.38M
Total equity	1,276.54M	1,453.12M	1,896.31M	2,018.61M	2,407.99M
Operating cash flow	403.68M	414.08M	793.13M	540.19M	576.57M

Valuation Measures

Dec 2019
PER	23.80
ROA	7.07%
ROE	17.03%
Operating margin	32.43%
Profit margin	30.81%

Key executives

President, Chief Executive Officer & Director: Preecha Ekkunagul
Senior Executive Vice President-Operation: Pakorn Partanapat
SEVP-Finance, Accounting & Risk Management: Naparat Sriwanvit
Senior Executive Vice President: Suthipak Chirathivat
Secretary & Vice President: Ampawee Chompoopongkasem

Shareholders

Central Holding Co. Ltd. (26.2%)
Bank of Singapore Ltd. (3.0%)
Social Security Office of Thailand (2.1%)
OSATHANUGRAH NITI (1.1%)
Genesis Investment Management LLP (0.9%)
CHIRATHIVAT PRIN (0.9%)
CHIRATHIVAT TOS (0.9%)
Norges Bank Investment Management (0.7%)
CHIRATHIVAT SUDTHIDEJ (0.7%)
CHIRATHIVAT PICHAI (0.6%)

Contact Details

Website:http://www.cpn.co.th
Address: 31F, The Offices at Centralworld, 999/9 Rama 1 Road, Bangkok, 10330, Thailand
Phone: +66.2.667.5555

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Competitors

Com7 Public Co. Ltd.

Last Updated on 3 Apr, 2020