Bangkok--9 Nov--Core & Peak
November 9, 2006 — Mr. Kamol Juntima, Chairman of the Board, IT CITY Public Company Limited reported the year 2006’s first 9 months company’s performance that the company’s total revenue was 3,905.47 million Baht with the growth of 16.51% and the net profit of 136.38 million Baht with the growth of 16.13% comparing to the same period of the year 2005.
As for the third quarter of the year 2006, the company shown the total revenue of 1,480.83 million Baht with the growth of 15.28% and the net profit of 57.54 million Baht with the growth of 10.18% 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.
In the third quarter of the year 2006, IT CITY has expanded another 3 branches in Khon Khan province and Bangkok which made the company had total 28 branches at the end of September, 2006.
IT CITY is confident that the trend of overall Thai IT market in the last quarter of the year 2006 is growing continuously. In order to serve the demand of the increasing IT usage rate. In the last quarter of this year, IT CITY has the plan to expand its 2 new branches from the existing 28 branches in the first 9 months, with the average investment of 8 million Baht per branch excluding the inventory.
From the said factors, it will make IT CITY retain its leadership in IT retail business in Thailand and retain its satisfactory 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