Although private consumption remained weak in the first
quarter of 2015, CPALL operation has been improved from
recovered same store sales growth and continuing expansion of 7-
Eleven stores. Additionally, due to the windfall from lower diesel
price of approx 10% yoy and large economy of scale, CPALL could
control costs efficiently resulting in decreased costs of goods sold
and enhanced gross margin.
% SG&A expenses to total revenue are decreasing caused by
Makro acquisition costs moving downward from descending related
fees, resulting in a strong growth at operating profit level.
Upon current debt profile, all are denominated in Thai Baht
currency which the debt amount of Baht 160,000 million in the form
of Thai Baht bond with average tenor of 6 years and the balance of
outstanding loan of approx Baht 20,000 million in the form of bank
loans with remaining tenor of 5 years.