Berli Jucker reports dip in revenue for Q3 2019

Date : 13 November 2019

Berli Jucker (BJC), operator of Big C in Thailand, reports a decline in total consolidated revenue of 0.1% for Q3 2019.

Decline attributed to lower retail sales

Its retail division, which consists of Big C grocery stores and Pure drugstores, recorded total sales of THB27.3bn (US$900m) for Q3 2019, a decrease of -1.4% over the same period last year. Same store sales slowed down to -4.9% year-on-year for the quarter. Other income including rental income reached THB4bn (US$130m), increasing 4.8% over the same period last year.

Gross profit margin increased

Modern supply chain gross profit margin increased to 17.1% from 16.8% in Q3 2018. The margin improvements came from across most of the divisions and lower logistic costs.

Store expansion focused on convenience

The retailer added 1 hypermarket, 1 Big C Foodplace supermarket, 61 Mini Big C (closed 9 stores) and 3 Pure drugstores in the quarter. Total stores at the end of September 2019 reached 148 hypermarkets, 62 supermarkets, 997 Mini Big C convenience and 143 Pure drugstores.

 

Asia newsletter

Keep up-to-date with the latest retail developments from Asia.

Sign up for our newsletter »