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Thai retailer CP All Q2 net profit tops forecasts

Wed Aug 13, 2008 6:15am EDT

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BANGKOK, Aug 13 (Reuters) - Thailand's CP All PCL CPALL.BK, said on Wednesday its second-quarter net profit rose 223 percent, beating analysts' forecasts, helped by new stores opening.

The country's biggest convenience store chain said it made a net profit of 864 million baht ($26 million) in the April-June period, or 0.19 baht per share, up from 267 million baht a year earlier.

The result beat a net profit of 393 million baht forecast by seven analysts surveyed by Reuters.

CP All, watched as a proxy for Thai domestic consumption, competes with Britain's Tesco (TSCO.L), French-owned Carrefour (CARR.PA), Siam Makro MAKR.BK and Big C Supercenter BIGC.BK. ($1= 33.65 Baht) (Reporting by Ploy Chitsomboon; Editing by Alan Raybould)



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