Central Retail Corporation Plc (CRC) reported consolidated revenue of 46.4 billion baht in the second quarter this year, up 12% year-on-year.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) was 4.08 billion baht, up 218% year-on-year, while net losses were 426 million baht, an 83% improvement year-on-year.
Yol Phokasub, chief executive of CRC, said Central Retail continues to demonstrate strong business growth, while the Covid-19 crisis has been factored in to the company's business continuity plans and proactive strategies to build long-term sustainable growth.
The business achieved the most robust growth in revenue, Ebitda and profit since the company started operations, he said.
Sales proportion rose from 32% to 39% year-on-year because of well laid-out, proactive strategies, said Mr Yol.
CRC opened four new outlets this year and plans to add another by the end of the year, he said.
In addition, the company is bringing its Thai Watsadu brand to Vietnam.
"Our performance in the second quarter this year is a testament to our proactive business and effective risk management strategies," said Mr Yol.
"In the second half, we will continue to focus on growth and expansion through investments, mergers and acquisitions, and collaborations with new partners, while fully supporting the government policy to manage the Covid-19 crisis.
"We have implemented safety measures to oversee all stakeholders, employees, customers, trading partners, shareholders and communities, as well as increased the public health standards for our services.
"We are confident when Thailand reopens and the economy starts to recover, Central Retail will be one of the first to record growth and rebound stronger than ever."
