Central Retail posts growth in revenue, profit
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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.
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%.”
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.
Questions & Answers
Q.What was Central Retail Corporation's net profit in the first quarter, and how did it compare to the previous year?
What was Central Retail Corporation's net profit in the first quarter, and how did it compare to the previous year?
Central Retail Corporation (CRC) reported a net profit of THB2.31b in the first quarter. This figure represents a growth of more than 75% compared to the same period in the previous year, indicating strong performance.
Q.Which categories experienced significant sales growth for Central Retail in the first quarter?
Which categories experienced significant sales growth for Central Retail in the first quarter?
The company saw a 30% sales growth in the fashion category, alongside a 9% growth in the food category. Sales in the hardline category within the Thai market also increased by 9%.
Q.What total revenue did Central Retail achieve in the first quarter, and what is their growth target for 2023?
What total revenue did Central Retail achieve in the first quarter, and what is their growth target for 2023?
Central Retail's total revenue reached THB63.2b in the first quarter, an increase of 12%. The company aims to drive up revenue by 12-15% for the full year in 2023.
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