CP All net profit up 34%, beats forecasts

CP All net profit up 34%, beats forecasts

A customer walks inside a CP fresh mart shop, owned by Charoen Pokphand Group, in downtown Bangkok in this Aug 18, 2014 file photo. (Reuters photo)
A customer walks inside a CP fresh mart shop, owned by Charoen Pokphand Group, in downtown Bangkok in this Aug 18, 2014 file photo. (Reuters photo)

CP All Plc, Thailand's largest convenience store chain, said on Monday its annual net profit rose 34% from a year earlier, as it expanded its store network and lowered financial costs.

The company posted a net profit of 13.7 billion baht for 2015, higher than average forecast of 13 billion baht by six analysts polled by Reuters and above the 10.2 billion baht profit in 2014

CP All, controlled by Thailand's richest man Dhanin Chearavanont's Charoen Pokphand Group, operates 7-Eleven stores in Thailand. The company is under pressure to improve its corporate governance after its executives were fined for insider trading in December.

CPALL shares fell 2.81% to 43.25 baht compared to a 0.80% decline of the Stock Exchange of Thailand index on Monday.


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