CPN's Thailand Songkran Festival 2026 events attracted over 15 million participants nationwide.
Improved consumer confidence, backed by the general election and a recovery in tourism, supported the first-quarter performance of Central Pattana Plc (CPN).The company posted a net profit of 4.97 billion baht, representing 18% year-on-year growth, while total revenue rose 10% from the same period last year to 13.3 billion baht.
Naparat Sriwanvit, chief financial officer and president of hotel and office at CPN, said these factors helped boost spending nationwide.
The company's retail-led mixed-use development strategy and its ongoing "Festival & Experience Economy" initiatives, featuring year-round events and festivals, have continued to drive customer traffic and spending at CPN's shopping centres.
The company achieved record-high rental and service income from its shopping centre business, driven by rising customer traffic, stronger tenant sales, and an expanded portfolio of shopping centres.
