Monday, August 26, 2019

Home Pro posts 15 per cent rise in first-half net profit

Aug 01. 2019
Home Pro Kalapapruek (Photo: www.floyd.co.th)
Home Pro Kalapapruek (Photo: www.floyd.co.th)
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By THE NATION

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Home Pro announced a net profit of Bt2.946 billion in the first half of this year, up Bt385.43 million or 15.05 per cent from the same period last year.

The company reported Bt34.118 billion in total revenue in the first six months, rising Bt1.753 billion or 5.42 per cent year on year. The growth, despite a slowdown of the overall economy in Thailand, was driven by higher sales of cooling products caused by hotter climate, such as air-conditioners and electric fans, as well as the company's continuous sales promotion activities. 

The company will focus on developing working efficiency and enhancing its gross profit margin through the selection and quality development of its products to meet the needs and requirements of individual shoppers.

Kunawut Dhampromkul, managing director of Home Product Center Plc, operator of Home Pro stores, said of the total revenue in the first half , about Bt31.826 billion came from sales, up Bt1.506 billion or 4.97 per cent year on year, driven by the expansion of Home Pro and Mega Home stores, as well as growth in sales at new Home Pro outlets.

In the period, the company earned Bt1.285 billion from retail space rental and service fees, up Bt135.15 million or 11.75 per cent year on year, due to an increase in rental income especially at its Market Village complex and Home Pro stores, and higher revenue from Home Service app.

He said that the company also earned Bt1.006 billion in other incomes, up Bt111.31 million or 12.43 per cent over the same period last year, from growth in sales through co-promotional campaigns with its partners, as well as interest and other miscellaneous activities.

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