Sign up | Log in



Home  >>  Daily News  >>   Thailand News  >>  Companies  >>  Thai Central Pattana sees revenue boost from new stores

4 June 2009

Thai Central Pattana sees revenue boost from new stores

Related Stories
June 2, 2009
Parent’s bankruptcy won’t affect GM’s Thai unit

May 25, 2009
Thailand enters recession as GDP slips 7% in Q1

May 20, 2009
Car sales in Thailand drop 27% in April

May 15, 2009
Thai Big C sees 5% drop in Q1 profit down

May 14, 2009
German car maker to close plants in Japan, Thailand

May 7, 2009
Malaysia’s CIMB seeks 15% loan growth in Thai market

Central Pattana CPN.BK, Thailand's top department store operator, said on Wednesday it expected 2009 revenues to grow more than 25 percent, higher than analysts' forecasts, after new store openings this year, Reuters reported.

Chief Financial Officer Naris Cheyklin said he expected second quarter revenues to exceed the first quarter due to the recent acquisition of a department store in the northeastern province of Udon Thani.

"We raised our revenue target for this year. It should be more than 25 percent," he told reporters.

The company, which reported revenues of 8.6 billion baht ($253 million) in 2008, had previously forecast 25 percent growth this year.

Central Pattana opened a new store in the eastern province of Chonburi in May and planned to open another in the northeastern province of Khon Kaen in December.

The additional stores required the company to raise its investment budget to 8.69 billion baht from 5.62 billion baht this year, he said.

Central Pattana planned to invest about 15.5 billion baht from 2010-12 to develop and upgrade existing shopping centres, Naris said.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand