Thai discount retailer Siam Makro has posted a better-than-expected 1.7% rise in first-quarter net profit.


Siam Makro reported first-quarter net profit of 189.7m baht (US$4.5m), compared to 187m baht in the year-ago period. Analysts had forecast first-quarter net profit of around 181m baht.


The retailer’s sales fell 4.5% year-on-year to 8.86bn baht.


Siam Makro said it planned to open only two new stores in 2003.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.