Central Group is led by Tos Chirathivat, grandson of the group’s founder.
Thailand’s largest retailer released quarterly results that show it’s well on the path to recovery from the pandemic.
Central Retail said its revenue rose to 58.8 billion baht ($1.8 billion) in the fourth quarter last year, a 15% jump from the same period in 2020. And that strong showing lifted the company’s total revenue for the year to 195.6 billion baht ($6 billion), compared to revenue of 194.3 billion baht in 2020.
After reporting losses for two straight quarters, Central Retail swung to a profit of 2.46 billion baht in the fourth quarter that lifted its earnings for the full year to 277 million baht.
The company derives the majority of its sales from its domestic market where it managed to achieve a higher revenue than pre-pandemic levels in…
