Tuesday, June 15, 2021

in-focus

CPN to begin rebuying stocks, plans May dividend


Central Pattana (CPN) directors have given the go-ahead for the repurchase of 77 million stocks – 1.7 per cent of total sold – the company informed Stock Exchange of Thailand (SET) this week.

2,039

View

The repurchase, limited to Bt5 billion, will take place between March 6 and September 5.
The CPN stock price has decreased continually since 2018 following its peak at Bt87.25. 
The lowest price was Bt56 late last month, which was also the lowest in almost three years.
Directors also agreed to prorate the dividend from operational results of 2019 at a rate of Bt1.30 per stock, to be paid on May 15. 

CRC shares to begin trading on SET from Feb 20

Heavyweight Central Retail makes splashy SET debut

CRC shares to begin trading on SET from Feb 20

That represents an 18-per-cent increase from the last time, when the dividend was Bt1.10.
The dividend was Bt0.83 in 2016, Bt1.40 in 2017 and Bt1.10 in 2018.
Total revenue last year was Bt38.4 billion, up 9 per cent from 2018. 
The revenue included Bt31.8 billion from CPN’s department stores, offices and rentals, Bt1.12 billion from hotels, Bt851 million from food courts and Bt2.9 million from property sales. 
Net profit was Bt11.7 billion, up 5 per cent from 2018.

Published : February 21, 2020

By : THE NATION