Thai store group CP All Q2 profit up, above f'casts

BANGKOK, Aug 13 (Reuters) - CP All CPALL.BK, Thailand's largest convenience store chain, said on Thursday its second-quarter earnings rose 42 percent, more than expected, thanks to rising sales and store expansions.

CP All, formerly known as CP 7-Eleven and a proxy for domestic consumption in Thailand, reported an April-June net profit of 1.23 billion baht ($36 million), up from 864 million baht a year earlier. In the first quarter it made 1.25 billion.

Five analysts polled by Reuters had forecast a net profit of 1.1 billion baht for the quarter.

Several analysts expected the stock to outperform because of solid same-store sales growth and aggressive store expansion.

CP All shares rose almost 36 percent in the second quarter, in line with the main Thai stock index .SETI, which was 38.5 percent higher. ($1=34.04 Baht) (Reporting by Arada Kultawanich; Editing by Alan Raybould)