An Upset Growth of 2.8% from CPALL in 2Q18! GPM on Cigarette Hit Hard
A 2.8% growth for CPALL after the consolidated financial statements has been announced through SET.
CP ALL Public Company Limited (CPALL), a subsidiary of Charoen Pokphand Foods Public Company Limited (CPF), announced their consolidated financial statements this morning through SET.
In 2Q18, profit before interest and tax expenses was 7,589 million baht, up 0.4% YoY mainly from higher distribution costs. Net profit was 4,779 million baht in 2Q18, increased by 2.8% from the same period last year. Earnings per share reported in the consolidated financial statements in 2Q18 was Baht 0.50.
The convenience store businesses were pressured by the decrease in gross profit margin from cigarettes and gaming cards. The partial profit from Cash and Carry business (Makro.BK/Makro.TB) also decreased, while SG&A was climbing higher.
CPALL operates the convenience store business under the 7-Eleven trademark and franchises to other retailers in the territory of Thailand and has invested in supporting businesses such as manufacturing facility of food & bakery products, bill payment services and so on. In addition, the Company has invested in the operations of membership based Cash & Carry trade centers under the name “Makro”.