CPN Reports 40% Decline in 1Q22 Net Profit over Non-Recurring Items and New Financial Reporting Standard

Central Pattana Public Company Limited (SET: CPN) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
2,328.26 3,834.66
Earning Per Share
0.5200 0.8500
% Change -39.28

CPN reported a net profit of 2,328 million baht in 1Q22, decreased 39.28% from a net profit of 3,834 million baht in 1Q21. The decrease was due to the non-recurring items and the impact of financial reporting standards. Excluding those, CPN’s net profit rose 72%, compared to the same period of last year as the company continued to recover from Covid-19 outbreak.