
Jubilee Enterprise plans to penetrate more major cities to cash in on growing upcountry demand for jewellery accessories, which pushed up first-half results.
Chiang Mai, Hat Yai, Khon Kaen and Udon Thani are the main targets, as shopping malls are springing up in the provinces. Full-year sales are targeted at Bt1.5 billion after sales rose 22.37 per cent year on year to Bt703.6 million in the first half.
Net profit went up by 20.55 per cent to Bt99 million in the first six months.
Unyarat Pornprakit, chief financial officer, said yesterday that the proportion of provincial sales increased over the same period last year.
“Our business showed growth especially in the provinces, resulting from confidence in our brand. We welcome repeat and new customers, who are willing to pay more. At present, per-purchase bills are worth Bt50,000 on average,” she said.
Good Q2 performance for CMO despite low season
Event organiser CMO earned Bt3.97 million in the second quarter of this year, up by Bt2.13 million from the same quarter last year, on revenue of Bt276.52 million, up by Bt89.93 million.
For the first six months, the company earned Bt8.11 million on Bt500.95 million of revenue.
CEO Sermkhun Kunawong said yesterday that the company achieved satisfactory growth in the second quarter despite the low season in the business.
The company has adjusted its strategy set at the beginning of this year to focus on its event-organising business together with the expansion of non-event services, including integrated marketing communications and museum design.
Workpoint holds off payment|of semi-annual dividend
Workpoint Entertainment has decided not to pay a semi-annual dividend in order to conserve cash for projects in its business plan.
The company reported second-quarter consolidated net profit of Bt85.40 million, down by 38 per cent from the same quarter last year, while revenue increased by 10 per cent to Bt565.45 million.
In the second quarter, revenue from the television production business rose by 11 per cent to Bt482.88 million and from the event marketing business by 32 per cent to Bt65.60 million.
Samart posts Bt175.7m|profit in second quarter
Samart Telcoms posted consolidated second-quarter revenue of Bt2.30 billion and net profit of Bt175.7 million, compared with Bt1.73 billion and Bt192.4 million in the same quarter last year.