Ms. Thapanee Techajareonvikul, Chief Executive Officer and Managing Director of Berli Jucker Public Company Limited (BJC), revealed that Vietnam's overall economy is growing strongly, with the latest GDP at approximately 8.19% – 8.2%. This has driven MM Mega Market Vietnam's sales to grow 8.9% in dong terms, or approximately 5.9% in baht terms. Meanwhile, SSSG remains positive, and the profit margin expanded to 18.1%. After closing the deal on May 15, the company recorded a profit of 145 million baht, but recognized only 97 million baht on a time-proportionate basis. After deducting interest expenses of 32 million baht, the incremental net profit exceeded 60 million baht. In the third quarter, the company will begin recognizing 100% of the profit for the full quarter, which will be higher than in the second quarter. The company plans to increase Vietnam's business share to 50% of the total portfolio by 2040, up from the current 15%, and has plans to list Big C on the stock exchange within 3-5 years. Meanwhile, Thailand's retail business has passed its lowest point, with SSSG turning positive in August after a -3.5% decline in the second quarter. The company is also expanding its larger-format Mini Big C stores of 300 square meters to 120 branches by year-end, from the current 18 branches, and plans to increase production capacity by 30% over the next two years, with a total investment budget of 5,438 million baht.
Berli Jucker PCLVietnam GDP growth drives MM Mega Market sales up 8.9% in dong terms, and Thailand retail SSSG turned positive in August.
