By Panithan Onthaworn

 

CP All Plc (CPALL), the operator of 7-Eleven convenience stores, recorded a drop in second-quarter earnings but beat expectations. However, current Covid-19 infections would further dampen performance even more, analysts said on Friday.

 

CPALL reported a net profit of 2.2 billion baht for the second quarter, beating market estimates by 20 per cent. Quarterly earnings were down 16 per cent and yearly earnings were down 24 per cent.

 

The company’s core profit, excluding foreign exchange gains, was 1.9 million baht.

 

Full story: https://www.thaienquirer.com/31222/despite-worsening-scenarios-analysts-predict-cp-alls-rebound-in-2022/

 

-- © Copyright Thai Enquirer 2021-08-14

 

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It doesn't bode well for Prayut...

They should do well with their 15% stake in Sinovac. I just wish that it wasn't bought in such vast quantities for Thailand.

For a moment I was worried about this billionaire...a very very brief moment.

 

But I think he should be fine.

Worst case I personally donate him a food package, promise!

1 hour ago, candide said:

It doesn't bode well for Prayut...

Nah. Club members always find a way.

Well so nice to see CP All will he fine....not sure about Mom and Pop All, or even Local tourism worker All....

CP family doing well, the majority of other Thais business, Thai families and Thai people not so.

I prophesy Thai Tourism will rebound next year - by seven.

4 hours ago, webfact said:

CP All Plc (CPALL), the operator of 7-Eleven convenience stores, recorded a drop in second-quarter earnings but beat expectations. However, current Covid-19 infections would further dampen performance even more, analysts said on Frida

I'm sure CP will survive... considering the multitude of pies they have fingers in.

I would have thought most would be busier than ever. Its rare I can park anywhere near the 2 near me

When the day come when this family really feel the pain in there wallet , that's the day Cha Cha time is finish as a junta leader all about the money.  

what they need is some competion aldi or cosco that would put the wind up them but unfotunatly they have too much power over this government

2 hours ago, ozzydon said:

what they need is some competion aldi or cosco that would put the wind up them but unfotunatly they have too much power over this government

The CCP won’t allow that to happen to the TCP.

CP receives state and commercial banks subsidies when loss-making.

Edited August 14, 20214 yr by zhounan

3 hours ago, zhounan said:

CP receives state and commercial banks subsidies when loss-making.

Is that from China or Thailand or from both?

2 hours ago, Knocker33 said:

Is that from China or Thailand or from both?

Thailand Govt and Bank of Thailand.

19 hours ago, candide said:

It doesn't bode well for Prayut...

Ding Dong, dung

"The company’s core profit, excluding foreign exchange gains, was 1.9 million baht."

 

That must be a misprint.

1.9 million baht core profit or 1.9 billions?

 

The arithmetic weakness is blatant and no feeling for numbers. I'm always amazed when, for example, I buy something for 10 baht and pay with a 100 baht note. Then the calculator is taken out and 100 minus 10 is calculated.

Edited August 14, 20214 yr by tomacht8