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CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED

(CRC)
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Central Retail Public : 3Q Net Income Fell 48% On Covid-19 Impact

11/12/2020 | 06:09pm EDT

By P.R. Venkat

Central Retail Corp.'s third quarter net profit fell nearly 48% on year as government restrictions to contain the spread of the Covid-19 pandemic continued to weigh on the company's businesses.

Net profit for the quarter ended September was 869 million baht ($28.8 million), Central Retail said late Thursday.

Total revenue fell 11% on year to THB47.57 billion.

The company said that despite easing of pandemic restrictions, domestic consumer spending hasn't fully recovered on concerns of a second wave of Covid-19.

"Therefore, our business has been affected in every segment, particularly fashion in Thailand and Italy," it said.

Central Retail was listed on the Thailand Exchange earlier this year after raising $2.5 billion, which made it the country's largest initial public offering on record.

Central Retail operates three business segments--fashion, food and speciality merchandise--offering construction materials, home decorations as well as consumer electronics and appliances.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

11-12-20 1808ET

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Analyst Recommendations on CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED
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Financials
Sales 2021 182 B 5 436 M 5 436 M
Net income 2021 -815 M -24,3 M -24,3 M
Net Debt 2021 47 960 M 1 433 M 1 433 M
P/E ratio 2021 -250x
Yield 2021 0,01%
Capitalization 205 B 6 131 M 6 125 M
EV / Sales 2021 1,39x
EV / Sales 2022 1,18x
Nbr of Employees 58 200
Free-Float 58,9%
Chart CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED
Duration : Period :
Central Retail Corporation Public Company Limited Technical Analysis Chart | CRC | TH9597010007 | MarketScreener
Technical analysis trends CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 34,00 THB
Average target price 38,77 THB
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Yol Phokasub Chief Executive Officer & Director
Nicolo Galante President
Piya Nguiakaramahawongse Chief Financial Officer
Prasarn Trairatvorakul Chairman
Sompong Tantapart Independent Director
Sector and Competitors