CRC Reports 11% Profit Growth in 2023 from Higher Sales, Offering THB0.55 Dividend Payment

Central Retail Corporation Public Company Limited (SET: CRC) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

8,016.31 7,174.99
Earning Per Share


1.3300 1.1900
% Change 11.73


CRC reported a net profit of THB 8,016 million, an increase of THB 841 million or 11.7% from THB 7,174 million in the previous year.

The company recorded a total revenue of THB 248,688 million, an increase of THB 12,443 million or 5.3% from THB 236,245 in the previous year. This was a result of CRC achieving an increase in sales of all segments, which was mainly due to the increase in sales of the business in Thailand, especially branches in tourist provinces that grew significantly from last year and from the launches of two new department store branches and continuous store renovations, the renovation of existing branches and the continuous opening of new branches of Thai Watsadu and Thai Watsadu x BnB, and the recovering tourism.

Gross profit was THB 66,497 million, grew by 10.4% from the same period last year, thanks to the fashion segment, which had a higher profit margin than other segments and achieved substantial increase in sales in Thailand and Italy, the lower rental discount to tenants, and an increased number of service users.

In addition, CRC announced a dividend payment of THB 0.55 per share to be paid on 24 May 2024. The ex-dividend date is 3 May 2024.