Big C Retail Public Company Limited (BRC), the giant retailer of the large “Charoen Sirivadhanabhakdi” group, proceeds to file with the SEC, preparing for an initial public offering of new common shares (IPO) ready to show the first quarter 2023, profit grew 17.6% to 931.7 million baht.
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Big C Retail Corporation Public Company Limited or BRC, the retail business of Berli Jucker Public Company Limited or BJC Group and its group Thai Charoen Corporation Co, Ltd or TCC announced its operating results for the first quarter of 2023 with a total revenue of 27,432.9 million baht, an increase of 2.8% from the same period last year, and a total profit of 931.7 million baht, and an increase of 139.4 million baht or a growth of 17.6% from the same period the previous year
as a result of the growth in product sales revenue and rental and service income Due to the recovery of the company’s stores in various forms after the relaxation of measures to control the spread of COVID-19 Including Thailand’s tourism situation which continues to improve.
Asawin Techajaroenvikul CEO and President of BRC revealed that Big C Retail was able to generate satisfactory growth in the first quarter of 2023. The main income of more than 24,256.0 million baht or 88.4% comes from the sale of products that have grown from modern retail in the form of large stores and small including other businesses
In addition, the company Rental and service income still accounts for 8.6% of total income and other income such as advertising costs, service fees from the Major Service, etc., which accounts for 3.0% of total income.
At the same time, expanding the store network, the company managed to expand 180 stores in the first three months of 2023, resulting in Big C Retail currently having a network of more than 3,184 stores in Thailand, Laos and Cambodia.
“For the second quarter of 2023, the company continues to grow. prepare for an initial public offering (IPO) of newly issued common shares by submitting an application for permission to sell securities and a registration statement for the sale of securities and a draft prospectus (filing form) to the Securities and Exchange Commission (SEC) and is the process of being considered by the SEC for the next phase of change Through to grow as a leader in the retail and wholesale industry of the ASEAN region in a great and sustainable manner. said Aswin
