Siam Makro sets $258M budget for expansion in 2016
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BANGKOK - Thailand’s cash-and-carry wholesaler Siam Makro plans to invest up to Bt9 billion this year to expand business at home and overseas, chief financial officer Saowaluck Thitaphant said.
About Bt6 billion will be used to open more stores in Thailand, while the rest will be for expansion in other Southeast Asian countries, possibly in Cambodia, Laos and Vietnam, Saowaluck told reporters.
The company expects revenue to rise by less than 10 per cent this year, and profit is likely to be up only slightly because of higher investment costs, she said.
– Reuters
