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Central Plaza Hotel profit misses consensus by 18.2% in Q3

Central Plaza Hotel Public Company Ltd said its third-quarter normalized net income was 16 satang per share, compared with the S&P Capital IQ consensus estimate of 20 satang per share.

EPS rose 77.0% year over year from 9 satang.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 218.1 million baht, a gain of 77.1% from 123.2 million baht in the year-earlier period.

The normalized profit margin rose to 4.8% from 2.8% in the year-earlier period.

Total revenue grew year over year to 4.54 billion baht from 4.39 billion baht, and total operating expenses grew from the prior-year period to 4.10 billion baht from 4.05 billion baht.

Reported net income grew 74.8% year over year to 293.6 million baht, or 22 satang per share, from 168.0 million baht, or 12 satang per share.

As of Nov. 12, US$1 was equivalent to 35.85 baht.