Central Retail Corporation Public Company Limited (SET: CRC) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
1,142.60 | 1,173.50 |
| Earning Per Share (Baht) |
0.1900 | 0.1900 |
| % Change | -2.63 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
4,878.00 | 3,563.81 |
| Earning Per Share (Baht) | 0.81 | 0.64 |
| % Change | 36.88 | |
CRC reported a net profit of THB 1,142 million in 3Q23, slightly decreased from THB 1,173 million in the same period of last year.
Revenue from sales of goods accounted for THB 53,162 an increase by 2.0% compared to the same period last year. The increase was mainly due to revenue from sales of goods accounted for THB 53,162 an increase by 2.0% compared to the same period last year.
Gross profit from sales was THN 14,215 million, an increase of 5.8% from the previous year, representing a gross profit margin of 26.7%, an increase from 25.8% YoY.
However, selling expenses were THB 12,319 million, which increased 7.2% from last year following the increase in sales and from the expansion of new branches and store formats, resulting in higher expenses related to sales workforce, rental, depreciation and utilities. Selling expenses were 20.7% of the total revenue, which increased from 19.8% from 3Q22.
Administrative expenses also rose THB 5,110 million, an increase of 4.7% YoY. This was mainly owing to the rise in provision expenses for shrinkage and obsolete as more products from store expansion while technological servicing fee decreased.
