ROBINS’s 2Q Profit Falls 30% as Loss on Investment, Retirement Benefit and Tax Expenses

Robinson Public Company Limited (ROBINS) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

ROBINS recorded a net profit of 2Q2019 amounted to THB 482 million, dropped by 30.5%, mainly from one-off/special items:
1) associate’s loss on investment THB 178.4 million
2) provision for retirement benefits Baht (49.8) million
3) tax expenses of indirect associate in Vietnam Baht (3.0) million.
However, if excluding the above one-off/special items, net profit increased by 2.8% from 2Q18.
Total revenue – In 2Q19, total revenue reported to Baht 7,452 million, increased by 2.5%, mainly from the contribution of new stores as well as higher rental income from existing stores and rental income of new stores.