Bangkok--Mar 8--MDK Consultants
C.P. Seven Eleven’s annual profit reaches 26.7%
Plans to expand its retail chain and open the brand-new distribution center
C.P. Seven Eleven Plc., the operator of ‘7-Eleven’ the largest 24-hour convenience stores, reported 2004 financial results for the company and its subsidiaries reporting the net profit has risen to 1,696 million baht, an increase of 26.7 percent. And announced 2005 plan to expand its chain and new distribution center project.
C.P. Seven Eleven Plc, President, Piyawat Titasattavorakul said, “The company’s performance for the fiscal year 2004 has achieved a net profit of 1,696 million baht net. This represents a year-on-year increase of 26.7% while total sales revenue has reached 78,366 million baht, an increase of 29%, compared to the same period of the previous year. A remarkable surge was a result from an expansion of the convenience stores ‘7-Eleven,’ we currently have an increase of 464 stores from the year before, a total of 2,861 stores across the country as of December 31, 2004,”
“In 2005, the expansion plan is still on our target. We planed to open around 400-450 stores. The company will run owned stores by 50% and the others are franchisees. Two third are stand-alone stores and the rest will be located at PTT petrol station. The 50% of all stores will be the provincial stores and the rest will be located in Bangkok. Its product strategy will focus on both food-and-drinks and non-food products, fifty-fifty basis”
“To support the expansion of retail chain in the future, the company also invested around 835 million baht to construct the new distribution center in the area of Suwannapoom International Airport. The new distribution center will be completed within the fourth quarter of 2005 and will distribute its products to the new 2,100 7-Eleven stores across the country. We also planned to develop in many parts including the IT system to run our business smoother and smarter than ever before and to set the new standard of the retail business in Thailand,”
“The company has applied the ‘Clean Food Good Taste‘ campaign, driven by Public Health Ministry which fifty 7-Eleven stores qualified the standard of ministry by the year 2004. Our 1,000 stores targeted to join this campaign within the year 2005 because ‘Food Safety’ is our top priorities.” Piyawat added.
For more information, please contact:
Vanthanee Namasonthi Seenual ReugsirinukulSamrej Zeepongsekul
C.P. Seven Eleven Public Company Limited
Tel. 0-2677-1623 (direct line)
Ratchada PasuntaMarut Taveepetch Tapanee Nanthavisai
MDK Consultants (Thailand) Ltd.
Tel. 0-2658-6111 (20 Lines) End.