Centel claims robust Q1 performanceCentral Plaza Hotel Plc (Centel) has announced a strong financial performance for the first quarter of 2024, reporting a net profit of 756 million baht, a 20% increase from the same period last year. The increase has been attributed to the robust performance of both its hotel and food businesses. The company's hotel business was robust in the first quarter, with 3.24 billion baht in revenue, a 15% increase from the previous year. Centel expanded its food business with a net addition of 19 outlets, bringing the total to 1,618 outlets. The company expects SSS for its food business, excluding joint ventures, to grow by 3%-5% and TSS by 8%-11%.

Source: Bangkok Post May 16, 2024 09:48 UTC