Bangkok--10 May--Core & Peak
Mr. Kamol Juntima, Chairman of the Board, IT CITY Public Company Limited reported the year 2006’s first quarter company’s performance that the company’s total revenue was 1,200 million Baht with the growth of 21.85% and the net profit of 36.90 million Baht with the growth of 31.74% comparing to the same period of the year 2005.
The key reasons for the continuous growth of IT CITY are: 1. The consumer IT market is growing continuously and IT CITY has got well accepted from the customers either home users or SMEs 2. Since IT CITY has continuously expanded its new branches, the increasing revenue will come from both new and existing branches. 3. IT CITY has now become the Thailand largest and abreast of the time one stop shopping IT center. 4. IT CITY has got more direct support from both domestic and foreign suppliers. 5. IT CITY is focusing in retail business; the area that IT CITY is specialist, which will make IT CITY gain the competitive edge in term of Economy of Scale 6. IT products are the products that are used to increase the efficiency for both business and learning, therefore, it is resultant to the continuous increase in purchasing power.
IT CITY is confident that the trend of overall Thai IT market in the year 2006 is growing continuously. In order to serve the demand of the increasing IT usage rate. In this year, IT CITY has the plan to expand its 7 new branches in both Bangkok and upcountries from the existing 23 branches with the size of approximately 1,000 — 1,500 square meters per branch and the average investment of 8 million Baht per branch excluding the inventory.
In the second half of the year 2006, we has the plan to open a grand retail shop in Bangkok with the size of approximately 8,000 square meters to provide the variety of products namely IT products, electric appliances, mobile phone, electronic equipments and spare parts, printing services as well as the other services for home and SMEs with the investment of 65 million Baht excluding the inventory .
From the said factors, it will make IT CITY retain its leadership in IT retail business in Thailand and retain its business growth in the year 2006.
For further information please contact
Bussakorn Sonthikorn
Senior Public Relations Consultant
Core & Peak Co.,Ltd.
Tel. 0-2439-4600 ext.8202