What: The Thai conglomerate is booming and developing on new markets.

Why it is important: Even though it is going through some difficulties, Vietnam is the new goldmine, alongside India.

Central Retail Corporation and its subsidiaries saw a 5.6% increase in Q2 revenue, amounting to THB60,002 million (US$1.6 billion), and a 5.3% growth in profit, reaching THB1690 million (US$47.4 million). Sales revenue rose by 4.5%, largely fueled by the fashion sector’s 14.1% growth.

Thailand’s sales rose by 8% and Italy saw a 20% sales increase due to its reopening, benefiting both local and tourist purchases. However, Vietnam’s sales dipped by 10% because of a weaker economy.

As of June 30, the company expanded its net sales area by 3.4% and net leasable area by 6.9%. Despite improved Q2 performance attributed to a robust business model and adjusted strategies, challenges remain, such as rising electricity and operational costs.

Central Retail posts growth in revenue and profit