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CP All Q1 net profit rises 17.2%

Thailand-based convenience store operator CP All PCL recorded positive gains in its net profit and revenue for the first quarter ended March 31.

The company's consolidated net profit for the quarter was 4.77 billion Thai baht, growing 17.2% year over year from 4.07 billion baht. Consolidated EPS was 50 satang, which remained unchanged from the year-ago period. The S&P Capital IQ consensus EPS estimate for the first quarter was 49 satang on a GAAP basis and 52 satang on a normalized basis.

Consolidated total revenue increased 8.0% to 117.51 billion baht from 108.79 billion baht in the year-ago period, while total costs were 109.71 billion baht, rising 7.9% year over year from 101.67 billion baht.

Consolidated operating profit was 7.80 billion baht for the quarter, up 9.7% from 7.11 billion baht a year ago.

The company, which operates 7-Eleven stores in Thailand, also reported that its consolidated operating margin stood at 6.6%, compared with 6.5% in the previous year.

As of May 10, US$1 was equivalent to 34.77 Thai baht.