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MINT Q1 Profits Surge to THB 1,146M
Published on 15/05/2024
» Minor International Public Company Limited (“MINT”) on May 14, 2024, announced its first quarter 2024 financial results, posting a net profit of THB 1,146 million in 1Q24 notwithstanding 1Q being the low season for its most significant contributor, its European hotel business. This profit represented a significant improvement from a THB 976 million loss in 1Q23 and was attributable to stronger performance across all business units as well as favourable foreign exchange movements. At the core level, MINT recorded a core net loss of THB 352 million in 1Q24 (due to aforementioned seasonality of the European hotel business), representing a 46% improvement (less loss) from a core net loss of THB 647 million in 1Q23. MINT’s hotel and restaurant businesses both reported robust financial performance in 1Q24 from continued rising demand, which enabled the Company to implement strategic dynamic pricing, drive increased dine-in traffic and lock in further cost optimisation. Minor Hotels Thailand, Minor Hotels Australia and Minor Food all saw double-digit year-on-year growth. Meanwhile, Minor Hotels Europe and the Americas outperformed expectations by narrowing their y-y quarterly losses.
Chains unveil expansion plans
Business, Pitsinee Jitpleecheep, Published on 24/07/2023
» The food and beverage companies Central Restaurants Group, PTT Oil and Retail Business Plc, and KT Restaurant, which operates the Santa Fe steak chain, are to expand in the second half of this year despite the political and economic instability.
West leaves a legacy in Kabul
Sunday Spotlight, Published on 16/07/2023
» There's a glimmer of the old Kabul hiding in the new one -- if you know where to look.
Introducing Bloqyard, a community space for restaurants and bars
Guru, Nianne-Lynn Hendricks, Published on 17/06/2023
» Chong Nonsi welcomes Bloqyard, a community space that gathers restaurants, bars and common areas to escape the hustle and bustle of the business district.
Asia's food mecca
Business, Pitsinee Jitpleecheep, Published on 12/06/2023
» Every year, hungry travellers from Thailand and around the world visit Italy, the UK, Singapore, China, Hong Kong, Japan, South Korea and Taiwan to indulge in renowned dishes from these countries.
Roll into the epic weekend at Asai Bangkok Sathorn's block party
Guru, Suthivas Tanphaibul, Published on 26/05/2023
» Asai Bangkok Sathorn gives you many reasons to wake up early on this weekend. The newly-opened lifestyle hotel is throwing "The Hamlet Block Party", making an entrance into the hip and bustling side of Bangkok's CBD.
New year, new spaces, new hangouts
Guru, Published on 02/01/2023
» Bangkok is an ever-changing city and 2023 will be a testament to that as many new buildings and projects spring up. From a new shopping mecca to an urban park, Guru brings you a list of mega projects that will launch in 2023.
Upbeat eateries
Life, Vanniya Sriangura, Published on 16/09/2022
» I didn't think that I would enjoy dining at Public Market, a new food arcade that occupies a connecting hallway between Central Chidlom and Central Embassy.
Laughing off the fear
Sunday Spotlight, Published on 03/07/2022
» When Taha al-Baskini won a part in a new play about soldiers who reunite after dying in combat, his costume was already in his closet. His onstage camouflage pants were the same ones he had worn as a militia fighter during Libya's most recent civil war a few years ago, when an airstrike injured al-Baskini and killed several of his comrades as they defended their city.
'King of streets': Last skateboarder on Ukraine front
AFP, Published on 06/05/2022
» KRAMATORSK (UKRAINE) - The baby-faced teenager in baggy shorts races his skateboard past the bombed burger joint and hit Peace Square just as air raid sirens rolled over the Ukrainian front.