CPALL Records a Drop of Earnings by 54% from a Soft Revenue and GPM


CP All Public Company Limited (CPALL) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

CPALL reported a net profit of 2,599 million baht in 1Q21, decreased 53.96% from a net profit of 5,645 million baht in 1Q20. The main reason for the decrease was due to a softened revenue from sales and services for the period.

 

In 1Q21, CPALL’s total revenue was 133,431 million baht, decreased by 8.5% from 1Q20, mainly due to soften revenue from sales and services. A decrease of revenue was a consequence of a new wave of COVID-19 pandemic which once again had a negative impact on the Thai economy, especially in January. These affected slower recovery of domestic consumption and the purchasing power of consumers, including tourism.

 

CPALL recognized gross profit from sales and services at 27,279 million baht in 1Q21, decreased by 12.5% from the same period of last year as a result of lower revenue from sales and services of convenience store business.

Consolidated Gross Profit margin to revenue from sales and service was 21.2% in this quarter, decreased from 22.1% in 1Q20, mainly from higher gross profit contributed from cash and carry business.

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