Post by account_disabled on Jan 2, 2024 13:10:26 GMT 5.5
COM7 continues to grow!!! Opening Q2/62 budget, raking in sales and service income of 7,751 million baht, net profit grew 36% to 294 million baht, supporting first half performance. There was an income from sales and services of 15,370 million baht, net profit grew 39% to 544 million baht, with 681 branches under management. "Sura Kanittaweekul", general commander, sees the second half of the year's performance as continuing to be in good form. Get the high season for business New flagship products are launched to stimulate the market. Receive the benefits of the strengthening baht and move forward with expanding the retail empire. The goal is to have 847 branches by the end of this year, covering the entire country. We are confident that the revenue target for the entire year will grow at least 10%. Mr. Sura Kanitthaweekul, Chief Executive Officer of Com7 Public.
Company Limited or COM7, a major retailer of IT products and smartphones in Thailand, revealed the operating results for the 2nd quarter of 2019. Earned from sales and services of 7,751.4 million baht, an increase of 15% compared to the same period of the previous year at 6,741.4 million baht. Gross profit of 1,064.7 million baht, an increase of 19.6% compared to the same period of the previous year at 890.3 million baht. Net profit (attributable to the parent company) 294.2 million baht or equivalent to 3.8% of sales and service income. This represents an increase WhatsApp Number List of 36.1% compared to the same period last year at 216.2 million baht. For the operating results for the first 6 months of 2019, there was sales and service income of 15,369.7 million baht, an increase of 16.6% compared to the same period of the previous year at 13,177.9 million baht, gross profit of 2,061.8 million baht, an increase of 22.7%. Compared to the same period last year at 1,679.8 million baht, net profit (attributable to the parent company) was 544.3 million baht or equivalent to 3.5% of sales and service income. This represents an increase of 39.2% compared to the same period last year at 391.1 million baht. The operating results grew according to the goals set. increased sales From the market penetration plan, branch expansion and effective product mix management. There were new products launched and received good response, as well as organizing marketing and promotional activities. In addition, in the second quarter, administrative expenses increased due to additional recording of long-term employee benefits reserves. According to the Labor Protection Act (No. 7) B.E. 2019, there is an additional 400 days of severance pay, which is a total.
ost of 14 million baht, but with sales and efficient management. Supporting COM7's net profit to grow 36.1% from the same period last year. COM7 is the leading IT and smartphone retailer with the most extensive branch coverage in the country. As of the end of the second quarter of 2019, there were 681 branches under the management of the group of companies, divided into 221 Banana branches, 100 Studio7 branches. Kingkong phone 104 branches, True shop by com7 91 branches, franchise 67 branches, BKK 37 branches, iCare 26 branches, and others 35 branches, with an expansion of 218 branches from the second quarter of 2018, there were 463 branches. "COM7, we continue to move forward with our branch expansion plan according to our set goals. By this September There are plans to open new stores, including True shop by com7, opening approximately 30 additional branches, BaNANA E-Quip" (Banana Equip) another 1 branch, to continuously penetrate the gaming market. according to the direction of growth in the country and launched a new IoT store under the brand name BB Beyond D-box (BB Beyond D-Box) highlighting innovative products. Supporting opportunities from IoT technology and entering the 5G era that will occur in the future. In addition, we have plans to add new product lines for sale. Focusing on product groups with good margins and never stop looking for opportunities to expand growth in other forms, supporting COM7 to grow strongly in the long term," said Mr. Sura. For the second half of the year, COM7 follows the strategy it set out. It is expected to continue growing for the high season of business. There are new products from leading brands gradually launching and selling, such as Apple, Samsung, Huawei, Oppo, Vivo, and benefiting from the strengthening baht, helping to lower the cost of importing products. It is a positive outcome for the company. We are confident that by the end of 2019 there will be 847 branches under management as planned. and set a target for revenue in 2019 to grow at least 10% from the previous year at 27,913 million baht.
Company Limited or COM7, a major retailer of IT products and smartphones in Thailand, revealed the operating results for the 2nd quarter of 2019. Earned from sales and services of 7,751.4 million baht, an increase of 15% compared to the same period of the previous year at 6,741.4 million baht. Gross profit of 1,064.7 million baht, an increase of 19.6% compared to the same period of the previous year at 890.3 million baht. Net profit (attributable to the parent company) 294.2 million baht or equivalent to 3.8% of sales and service income. This represents an increase WhatsApp Number List of 36.1% compared to the same period last year at 216.2 million baht. For the operating results for the first 6 months of 2019, there was sales and service income of 15,369.7 million baht, an increase of 16.6% compared to the same period of the previous year at 13,177.9 million baht, gross profit of 2,061.8 million baht, an increase of 22.7%. Compared to the same period last year at 1,679.8 million baht, net profit (attributable to the parent company) was 544.3 million baht or equivalent to 3.5% of sales and service income. This represents an increase of 39.2% compared to the same period last year at 391.1 million baht. The operating results grew according to the goals set. increased sales From the market penetration plan, branch expansion and effective product mix management. There were new products launched and received good response, as well as organizing marketing and promotional activities. In addition, in the second quarter, administrative expenses increased due to additional recording of long-term employee benefits reserves. According to the Labor Protection Act (No. 7) B.E. 2019, there is an additional 400 days of severance pay, which is a total.
ost of 14 million baht, but with sales and efficient management. Supporting COM7's net profit to grow 36.1% from the same period last year. COM7 is the leading IT and smartphone retailer with the most extensive branch coverage in the country. As of the end of the second quarter of 2019, there were 681 branches under the management of the group of companies, divided into 221 Banana branches, 100 Studio7 branches. Kingkong phone 104 branches, True shop by com7 91 branches, franchise 67 branches, BKK 37 branches, iCare 26 branches, and others 35 branches, with an expansion of 218 branches from the second quarter of 2018, there were 463 branches. "COM7, we continue to move forward with our branch expansion plan according to our set goals. By this September There are plans to open new stores, including True shop by com7, opening approximately 30 additional branches, BaNANA E-Quip" (Banana Equip) another 1 branch, to continuously penetrate the gaming market. according to the direction of growth in the country and launched a new IoT store under the brand name BB Beyond D-box (BB Beyond D-Box) highlighting innovative products. Supporting opportunities from IoT technology and entering the 5G era that will occur in the future. In addition, we have plans to add new product lines for sale. Focusing on product groups with good margins and never stop looking for opportunities to expand growth in other forms, supporting COM7 to grow strongly in the long term," said Mr. Sura. For the second half of the year, COM7 follows the strategy it set out. It is expected to continue growing for the high season of business. There are new products from leading brands gradually launching and selling, such as Apple, Samsung, Huawei, Oppo, Vivo, and benefiting from the strengthening baht, helping to lower the cost of importing products. It is a positive outcome for the company. We are confident that by the end of 2019 there will be 847 branches under management as planned. and set a target for revenue in 2019 to grow at least 10% from the previous year at 27,913 million baht.