THAILAND: H1 sales, earnings up at CP All
CP All opened 388 stores in the period
Thai convenience retail giant CP All, which oversees the running of 7-11 stores in the country, saw earnings and sales climb in its first half.
In the six months to the end of June, net profit reached THB5.85bn (US$187.2m). The result compared to earnings of THB5.36bn in the prior-year period.
CP All, which acquired Thai wholesaler Siam Makro in April, saw sales climb 15.3% to THB106.53bn.
The retailer opened 388 stores in the period, bringing its current store count to 7,210.
Click here to view the full earnings release.
Chinese retailer Wumart Stores said today (16 December) its plan to buy a batch of outlets in the country from Thai conglomerate Charoen Pokphand Group had fallen through....
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