BANGKOK: CP All Pcl, Thailand's largest convenience store chain, beat market expectations by reporting a 26.3 % increase in first-quarter net profit, pushing up its stock to a six-month high on Wednesday.
Lower-than-expected expenses, new store expansion and a slight increase in same-store sales were attributed to earnings growth in the quarter after CP All's profit fell following its acquisition of wholesaler Siam Makro two years ago.
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