CP All management commentary attributes Q1 2014 net profit decline of 15.1% to finance charges

PUBT · 1d ago
CP All management commentary attributes Q1 2014 net profit decline of 15.1% to finance charges
  • CP All's management commentary attributed a 15.1% decline in first-quarter 2014 net profit to Baht 2.71 billion to finance charges.
  • Finance charges totaled Baht 1.35 billion; operating profit rose 20.1% to Baht 4.73 billion.
  • Revenue increased 68.8% to Baht 89.33 billion, driven by the Makro acquisition and expansion of the 7-Eleven store network.
  • Makro contributed Baht 35.22 billion in revenue; the 7-Eleven network expanded 8.7% to 7,651 stores.
  • Consolidated gross margin fell to 20.9% from 25.9%, reflecting Makro's lower-margin business mix.


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