MAKRO Reports a Profit Growth of 10% in 1Q from Higher Sales despite COVID-19 Outbreak!

MAKRO Reports a Profit Growth of 10% in 1Q from Higher Sales despite COVID-19 Outbreak!

Siam Makro Public Company Limited (MAKRO) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

MAKRO reported a net profit of 1,680 million baht in 1Q20, increased 10.70% when compared to a net profit of 1,518 million baht in 1Q19 mainly due to a solid growth of Makro Thailand and an improvement of Makro International.

In 1Q20, MAKRO recorded total sales of Baht 55,159 million, an increase of 8.8% YoY, driven by the 6 new stores opened during past 12 months and a strong performance of Makro Thailand owing to its continuous store format development, service enhancement with the O2O platform,and a dedication in tailoring products to specific needs of target customers.

When aggregating revenue from rendering of services and other income of totaling Baht 1,149 million, MAKRO posted total revenues of Baht 56,308 million, rose by Baht 4,509 million or 8.7% from the same period of last year.

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