Berli Jucker, operator of Big C, reports revenue of THB30.9bn (US$979m), gaining THB1.6bn (US$50.5m) over the same period last year.
Solid growth due to expansion
The revenue growth is driven by continued store network expansion with 27 Mini Big C in the quarter. 13 convenience stores were closed. By the end of March 2019, the retailer has 147 hypermarkets, 61 supermarkets, 797 Mini Big C and 140 Pure drugstores. Like for like sales grew 1% year on year while other income including rental increased 4.7% over the same period.
Net profit declined
Gross profit margin decreased from 16.3% to 15.9% due to lower B2B sales contribution. Net profit registered a slight decline of 2.3% due to higher staff cost from store expansion and yearly bonuses, increased store opening and closing expenses and rising utility expenses.
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