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