, Thailand
Source: Central Retail

Central Retail posts over 75% net profit growth in Q1

Its net profit stood at THB2.31b during the quarter. 

Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter of the year. 

Over the same period, the company’s total revenue went up by 12% to THB63.2b. 

“The company achieved a 30% sales growth in the fashion category, 9% growth in the food category. Sales in the hardline category in the Thai market also continue to grow at 9% despite the downward trend in the industry,” Yol Phokasub, CEO, Central Retail Corporation (CRC), said. 

“These results are positive signals, which are indicative of Central Retail’s further growth prospect in 2023, reaching its growth targets and driving up revenue by 12-15%.”

Read more: Central Retail opens first 24-hour supermarket

The company noted Central and Robinson Department Stores continued to grow and develop as a result of its mission to deliver next-level shopping experiences to its customers.

Moreover, Central and Robinson Department Stores continue to grow and develop as a result of its mission to deliver next-level shopping experiences to its customers.

 

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