CPN profit hits B4.22bn in Q1 amid economic recovery

Central Pattana (CPN) reported net profit of 4.22 billion baht on total revenue of 12.2 billion baht in the first quarter of 2025, attributed to the Thai economic recovery and government stimulus measures.

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The company is spearheading landmark mega-projects nationwide and said it is advancing Thailand towards becoming a global destination, supporting the country's rise as a regional tourism hub.

Naparat Sriwanvit, chief financial officer and president for hotels and offices at CPN, said private consumption in the first quarter of this year was primarily supported by the government's “Easy E-Receipt 2.0” programme and initiatives to support the property business, which should continue throughout 2025.

The company strengthened its retail-led mixed-use development strategy to continue strong growth, while the retail and hospitality segments, particularly Centara and Go Hotel, recorded a remarkable recovery, according to CPN.

In March CPN launched the Market Place Thepharak project under an “urban fresh market” concept. The project features more than 360 stores, covering over 7,300 square metres.