Centel net profit down 35% in first half | Bangkok Post: business

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Centel net profit down 35% in first half

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Central Plaza Hotel Plc (Centel), the country's largest hotel operator, saw its net profit fall 35.1% year-on-year for the six-month period through June as the recent political rallies and a curfew took their toll.  

The company posted a net profit of 544 million baht from January to June, down from 838 million over the same period last year. 

But revenue gained 2.6% year-on-year to 8.96 billion baht. Hotel business contributed 4.06 billion baht in revenue, down 2% from the same period last year, while food operations made up 4.9 billion, 55% of the total.

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