CENTEL Reports a Loss of ฿465Mn in 2Q20 on Lockdown Impact
CENTEL Reports a Loss of ฿465Mn in 2Q20 on Lockdown Impact
CENTEL Reports a Loss of ฿465Mn in 2Q20 on Lockdown Impact
15 ส.ค. 2563

Central Plaza Hotel Public Company Limited (CENTEL) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

CENTEL achieved a net loss of 465.5 million baht, a decrease of 697.9 million baht or 300.3% YoY. The total revenues of 2,336.3 million baht, representing a decrease of 2,889.3 million baht or 55.3%, with the proportion of total revenues between the hotel business and the food business being 6% : 94%. Gross Profit was 1,287.8 million baht, a decrease of 53.9% YoY and representing a gross margin of 57.4% of total revenues.
The countrywide lockdowns implemented by the government during 2Q20 have impacted on hotel business as 16 company-owned and operated hotels have had to close on a phased basis in April. Therefore the hotel business in 2Q20 has achieved total revenues of 138.8 million baht, representing a decrease of 1,861.9 million baht or 93.1% from 2Q19. Meanwhile the food business has achieved total revenues of 2,197.5 million baht, decreasing 1,027.6 million baht or 31.9%.  