CPALL Earnings Jump to THB3.45 Billion in 1Q22 following the Country Reopening

CP All Public Company Limited (SET: CPALL) announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
3,453.03 2,599.06
Earning Per Share
0.36 0.26
% Change 32.9

In 1Q22, CPALL reported a net profit of Baht 3,453 million, an increase of 32.9 percent YoY, which mainly due to the recovery of CVS performance that benefited from the relaxation of COVID-19 measures and higher economic activities. CPALL reported an increased finance costs from Lotus’s long-term loans form financial institutions. Therefore, in 1Q22, CPALL reported finance costs at Baht 3,825 million. Consolidated Earnings per share was reported at Baht 0.36 per share.

Total revenue was Baht 199,731 million, an increase of 49.7 percent YoY. This was the result of an increase in revenue from sale of goods and rendering of services from both the CVS business and grocery wholesaling and retailing business, particularly Makro business which was able to maintain the revenue growth as well as able to fully recognized the revenue contribution from Lotus’s in this quarter. Furthermore, O2O strategy still be a supportive factor for the Company. In this quarter, revenue growth was also benefited from country reopening that affected to higher economic activities and higher domestic consumption.