Thai hypermarket group Big C Supercenter BIGC.BK said on Thursday it expected growth in both net profit and sales of 6-7 percent in 2010, helped by the opening of new branches and a likely pick-up in the economy.

But this year’s earnings should be flat from last year’s 2.85 billion baht ($86 million) as sales were likely to grow in a range of just 0-2 percent, missing a 5-6 percent target, Vice-President Jariya Chirathivat told reporters.

Big C, 36 percent owned by France’s Casino Group, is the country’s second-biggest hypermarket operator in terms of the number of stores after British-owned Tesco Lotus.

Big C currently runs 67 stores in Thailand. It opened 12 new stores in 2008.
Big C currently runs 67 stores in Thailand. It opened 12 new stores in 2008.

via UPDATE 1-Thailand’s Big C sees 2010 sales, profit higher | Reuters.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai cabinet approves new minimum daily wages rate table

The Cabinet approved a standard wage rate for workers in three occupational groups that possess a certificate from the Department of Skill Development (DSD).

Thai Corporate Earnings to continue Recovering in 2022 says Fitch

The earnings of Fitch-rated Thai corporate issuers should continue to improve in 2022, supported by a recovery in economic activity and a gradual reopening of the country from the pandemic

Why South-East Asian SMEs are missing out on the digital revolution

Digital financial services, in particular, have kept the South-East Asian economy afloat. The rise of digital payments and greater access to the internet have fuelled the rapid rise in digital consumers amid the pandemic. Online payments in the region are poised to exceed $1 trillion by 2025, driven by the ongoing trend away from cash payments and increased usage of e-commerce, as well as further development of new payment methods, particularly for e-wallets and prepaid cards.