Thai hypermarket operator Big C Supercenter has reported a 4.7% rise in second-quarter net profit thanks to a rise in sales.
Big C, which is 67% owned by French retail group Casino, posted second-quarter net profit of 352.8m baht (US$8.5m), compared to 336.9m baht a year earlier. The result was in line with analysts’ expectations of around 350m baht, reported Reuters.
The retailer plans to open four new stores this year, adding to its 35-strong chain.
Analysts said Big C should perform well this year because of increased sales and the growing economy.