SET-listed retail and property developer Central Pattana Plc (CPN) said 2021 saw 28.9 billion baht in revenue and 7.1 billion baht in net profit amid Covid-19 headwinds.
Naparat Sriwanvit, CPN chief financial officer, called 2021 another challenging year for the company because the pandemic had affected customers' lifestyles and many businesses more so than in the previous year.
"Despite the challenges, Central Pattana carried out its best efforts with the utmost professionalism to adjust strategies to cope with various situations as well as cost-effective management implementation to minimise the impact on company performance and to maintain the interests of all stakeholders," Ms Naparat said.
"As a result, the financial performance of 2021, although lower than the previous year, remained resilient and was within the company's expectations."
In addition, CPN said it had continued to support all stakeholders, including rental discounts for its partner shops and smart platforms that connect all services in shopping centres and omnichannel sales channels for customers.
Ms Naparat added that 2021 was a landmark year for CPN with the opening of new projects -- Central Sri Racha and Central Ayutthaya -- and the successful acquisition of retail operator Siam Future Development Plc.
"Central Pattana remains the only real estate company in Thailand that has been listed as a member of the Dow Jones Sustainability Indices [DJSI] in DJSI World for four consecutive years and in DJSI Emerging Markets for eight consecutive years," she added.
"This reinforces its leading position in Thailand's real estate industry and as a global sustainable organisation that operates the business with a mission to support all stakeholders and be responsible for the environment, communities and society for sustainable development and growth for all."
CPN said it was also progressing with new developments, including Central Chanthaburi, which is set to open to the public in the second quarter of 2022.
