MAKRO Reports a Rise 6% of 2Q Profit due to the Efficiency of Financial Cost Management

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

In Q2/2019, MAKRO and its subsidiaries’ consolidated profit before finance costs and income tax expense was THB 1,538 million, increased by THB 32 million or 2.1% YoY. After offsetting with finance costs of THB 77 million, decreased by 7.5% YoY owing to the efficiency of financial cost management, as well as income tax of THB 298 million, MAKRO and its subsidiaries registered a net profit of THB 1,184 million or THB 0.25 per share, grew by 6.4% YoY.

For the first half of 2019, MAKRO and its subsidiaries had the total revenue of THB 103,808 million and distribution costs and administrative expenses were at THB 8,430 million. After the deduction of finance costs of THB151 million and income tax of THB 714 million, MAKRO and its subsidiaries had a net profit of THB 2,703 million or THB 0.56 per share, shrunk by 1.4% YoY.