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Makro's profit forecast maintained

Siam Makro Plc's 2008 net profit forecast is maintained at Bt1.49 billion, according to Ayudhya Securities.

The securities company will come up with the new 2008 profit forecast after an analyst meeting which will scheduled shortly after this.

Siam Makro showed the first half net profit of Bt598 million, which accounts for 43 per cent of the company's annualised target of Bt1.39 billion. The securities company expected the wholesale retailer to report a higher net profit in the second half.

"We maintain the profit target on expectation that the company would invest in only 2 new outlets this year and that the sale revenue would increase on focus of fresh food. This should enable the company to post annualised sale revenue at Bt62 billion or 11.7 per cent year on year. This should help it maintain the 2006 gross profit margin at 6 per cent," it said.

- The Nation

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Makro's profit forecast maintained

Siam Makro Plc's 2008 net profit forecast is maintained at Bt1.49 billion, according to Ayudhya Securities.

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