Central Pattana Public Co. Ltd.
In the news
- Thai companies cut dividends to save cash in pandemic Jul 23, 2020
- Bangkok 'mall war' heats up as coronavirus clouds Thai retail boom Jun 26, 2020
- Mega mall near Bangkok airport opens despite lack of tourists Jun 19, 2020
- Thais make cautious return to malls, adjusting to 'new normal' May 18, 2020
- Thai retailer eyes bigger slice of Southeast Asia after record IPO Feb 20, 2020 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
Financial Highlights
Dec 2021 | THB | USD |
Revenue | 30,355.53M | 948.12M |
Gross Profit | 15,571.42M | 486.36M |
Operating income | 10,071.93M | 314.58M |
Income before tax | 8,324.00M | 259.99M |
Net income | 7,148.45M | 223.27M |
EBITDA | 18,195.93M | 568.33M |
Diluted EPS | 1.59 | 0.04 |
Dividends Per Share | 0.60 | 0.01 |
Total Assets | 263,596.84M | 7,890.94M |
Total liabilities | 181,521.64M | 5,433.96M |
Total equity | 73,102.18M | 2,188.36M |
Operating cash flow | 7,597.48M | 237.30M |
Currency in THB | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 31,094.07M | 35,316.83M | 38,092.57M | 32,823.11M | 30,355.53M |
Gross Profit | 16,084.51M | 18,853.90M | 20,006.23M | 17,786.05M | 15,571.42M |
Operating income | 11,465.97M | 12,313.27M | 12,355.95M | 12,250.53M | 10,071.93M |
Income before tax | 14,625.32M | 12,453.10M | 12,853.35M | 10,723.56M | 8,324.00M |
Net income | 13,567.64M | 11,215.65M | 11,738.40M | 9,557.09M | 7,148.45M |
EBITDA | 16,780.49M | 17,559.09M | 18,439.24M | 20,156.53M | 18,195.93M |
Diluted EPS | 3.02 | 2.49 | 2.61 | 2.13 | 1.59 |
Dividends Per Share | 1.40 | 1.10 | 0.80 | 0.70 | 0.60 |
Total Assets | 120,948.88M | 161,917.87M | 170,035.59M | 221,652.28M | 263,596.84M |
Total liabilities | 57,069.10M | 87,742.13M | 89,573.33M | 144,528.98M | 181,521.64M |
Total equity | 61,801.02M | 65,726.01M | 72,128.40M | 68,790.04M | 73,102.18M |
Operating cash flow | 26,913.79M | 17,463.11M | 17,899.75M | 7,970.91M | 7,597.48M |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 916.32M | 1,092.47M | 1,227.01M | 1,048.82M | 948.12M |
Gross Profit | 474.00M | 583.22M | 644.43M | 568.33M | 486.36M |
Operating income | 337.89M | 380.89M | 398.00M | 391.45M | 314.58M |
Income before tax | 430.99M | 385.22M | 414.02M | 342.65M | 259.99M |
Net income | 399.83M | 346.94M | 378.11M | 305.38M | 223.27M |
EBITDA | 494.51M | 543.16M | 593.95M | 644.07M | 568.33M |
Diluted EPS | 0.08 | 0.07 | 0.08 | 0.06 | 0.04 |
Dividends Per Share | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 |
Total Assets | 3,711.22M | 4,972.90M | 5,676.60M | 7,398.27M | 7,890.94M |
Total liabilities | 1,751.12M | 2,694.78M | 2,990.38M | 4,824.06M | 5,433.96M |
Total equity | 1,896.31M | 2,018.61M | 2,407.99M | 2,296.06M | 2,188.36M |
Operating cash flow | 793.13M | 540.19M | 576.57M | 254.70M | 237.30M |
Valuation Measures
Dec 2021 | |
PER | 35.33 |
ROA | 2.94% |
ROE | 10.07% |
Operating margin | 33.17% |
Profit margin | 23.54% |
Key executives
- President & Chief Executive Officer: Wallaya Chirathivat
- SEVP-Finance, Accounting & Risk Management: Naparat Sriwanvit
- Director & Senior Executive Vice President: Suthipak Chirathivat
- Secretary & Vice President: Ampawee Chompoopongkasem
- Vice President: Naruson Romkaew
Shareholders
- The Vanguard Group, Inc. (1.9%)
- Norges Bank Investment Management (1.0%)
- First Sentier Investors (UK) IM Ltd. (0.5%)
- Krungsri Asset Management Co., Ltd. (0.5%)
- APG Asset Management NV (0.4%)
- TMB Asset Management Co., Ltd. (0.3%)
- Matthews International Capital Management LLC (0.1%)
- Dimensional Fund Advisors LP (0.1%)
- Sjunde AP-fonden (0.0%)
- Handelsbanken Fonder AB (0.0%)
Contact Details
- Website:http://www.centralpattana.co.th/en
- Address: 31F, The Offices at Centralworld, 999/9 Rama 1 Road, Bangkok, 10330, Thailand
- Phone: +66.2.667.5555
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