CRC sees revenue rise by 6% in Q1

Central Retail Corporation (CRC) revenue increased by 6% to 67.3 billion baht in the first quarter of this year.

Net profit surged 14% to 2.52 billion baht year-on-year.

Yol Phokasub, chief executive of CRC, said sales through omni-channel platforms accounted for 19% of total sales, reflecting growth driven by the company’s strong ecosystem and flexible portfolio.

CRC has transformed itself this year, with the highlight being the renovation of Central Chidlom with an investment of more than 4 billion baht, aiming to elevate itself into a global luxury destination.

The company reaffirmed its position as Vietnam’s No.1 mall and hypermarket provider, expanding its GO! malls and GO! hypermarkets by three branches this year.

CRC plans to renovate its flagship stores in Hanoi and Ho Chi Minh City, with an expected completion date by the end of 2025.

Mr Yol said these achievements mark CRC as a leader in the retail and wholesale industries, performing across all business segments and moving forward with sustainability initiatives.

“CRC remains committed to the continued growth of our group businesses,

‘‘ Omni-channels accounted for 19% of sales, reflecting growth driven by the company’s ecosystem and flexible portfolio. YOL PHOKASUB Chief executive, Central Retail Corporation

striving to deliver the best possible experiences to our valued customers and stakeholders across Thailand, Vietnam and Italy,” he said.