Centel's highest dividend

Centel's highest dividend

Central Plaza Hotel Plc (CENTEL) will pay a dividend to shareholders at 40 satang per share, the highest in the firm's history, thanks to its strong gains in the hotel and food business in 2013.

The Centara Hotels & Resorts board of directors led by chairman Suthikiati Chirathivat (centre) held an annual meeting recently. Also at the event are Central Group chairman Suthichai Chirathivat (third from left) and CPN chief executive Suthitham Chirathivat (second from left).

The company's annual general meeting recently approved the dividend payment from its 2013 operation worth 540 million baht for 1.35 billion shares. The closing date for the shares is May 7. Payment will be done by May 22.

The country’s largest hotel operator posted a net profit of 1.32 billion baht last year, down 17.2% from 2012 due to a 579-million-baht extraordinary gain booked in 2012, but revenue rose 18% to 17.5 billion baht.

CENTEL shares closed yesterday on the SET at 31 baht, up 25 satang, in trade worth 62.6 million baht.

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