CRC’s 1Q22 Earnings Increase by 200% as Sales across All Segments Rise

Central Retail Corporation Public Company Limited (SET: CRC) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
1,203.906 401.413
Earning Per Share
0.20 0.07
% Change 199.9

In 1Q22, CRC reported a net profit of THB1,204 million, an increase of 200% when compared to a net profit of THB401 million a year earlier.  This was a result of CRC achieving an increase in sales of all segments, mainly due to the relief of concerns over the COVID-19 pandemic and the recovery of stores in major tourists provinces, government’s shopping boosting schemes, the Shopping and Payback scheme, store renovation, new store expansion, and constant introduction of new format stores.

Revenue from sales of goods was THB50,694 million, increasing by 15.9% year-on-year. Revenue from rental services was THB1,512 million, increasing by 8.9% year-on-year, while revenue from rendering of services was THB251 million, decreasing by 16.0% year-on-year.

In addition, CRC had recorded a share of profit of associated and joint ventures of THB135 million, increasing by 68.0% year-on-year.