Sign up | Log in



Home  >>  Daily News  >>   Thailand  >>  Companies  >> Thai Big C sees 5% drop in Q1 profit down

15 May 2009

Thai Big C sees 5% drop in Q1 profit down

Related Stories

April 29, 2009
Thailand’s PTT to wrap up Straits Asia acquisition

April 28, 2009
Thai firm to open new Indonesian mine by Q3

April 3, 2009
$1bn rescue plan for ailing THAI

March 25, 2009
Thai conglomerate delays Vietnam project 

March 20, 2009
Thai industrial estate firm sees 50% drop in revenue

March 19, 2009
Thai refiner quits two overseas projects 

Thai hypermarket operator Big C Supercenter Plc reported a 5.3 percent drop in quarterly net profit on Thursday, mainly because of weaker sales.

Big C, 36-percent-owned by the French Casino Group, posted a January-March net profit of 726.7 million baht ($21 million), or 0.91 baht per share, down from 767.1 million baht a year earlier, and down from 921 million in the previous quarter.

Two analysts polled by Reuters had forecast an average net profit of 787 million baht for the quarter.

With falling consumer confidence and the economy in recession, Big C's outlook looks vulnerable as fears of job cuts could turn shoppers in the middle-to-lower income brackets cautious, analysts said.

Big C shares rose 8.5 percent in the first quarter, far outperforming a 4.1 percent drop in the main index .SETI.











Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand