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Reporting on Big C Financial Results for Q 1 2008

BackMay 15, 2008

14th May 2008

To: The Director and Commissioner of the SET

Ref: Reporting on Company's Financial Results for the first quarter of 2008.

Dear Sir,

Big C Supercenter PCL is pleased to report the first quarter results of its company and subsidiaries that have been examined by Ernst & Young auditors as of 31st March, 2008 as follows:

The operating results of the Company and its subsidiaries for the first quarter of 2008 reflect a net profit of Baht 771 million, compared to a last year net profit of Baht 676 million which represented an increase of Baht 95 million or 14 %. The result of this quarter was based on the following reasons:

1. Net sales during the first quarter of 2008 amounted to Baht 15,771 million for the company and its subsidiaries, which represented an increase of Baht 1,284 million or 8.8% over the same period of last year. Our increase came from our existing store and new store performance along with successful marketing activities.

2. Rental and Service Income from tenants for the first quarter of 2008 was Baht 756 million which represented an increase of Baht 109 million or 16.8% over the same period last year, such increase resulted from new store expansion of 2007 that provided more rental space.

3. Other Income including income from suppliers' subsidies of in-store promotions, manufacturer promotions and others in the first quarter of 2008 was Baht 1,963 million, which represented an increase of Baht 360 million or 22.4% over the same period last year.

4. Gross Profit of Baht 1,300 million in the first quarter of 2008 represented an increase of Baht 14 million or 1% over the same period last year.

5. Selling and Administration Expenses of Baht 2,889 million in the first quarter of 2008 represented an increase of Baht 347 million or 13.6 % over the same period of last year's figures which was caused by new store expansion as mentioned earlier in no. 1. Moreover,our heavy marketing activities also drive the sales to meet our target.

6. Interest expenses for the first quarter of 2008 was Baht 23 million which represented an increase of Baht 2 million or 9.5% over the same period last year.

7. Corporate income tax for the first quarter of 2008 was Baht 335 million, up Baht 38 million or 12.7% over the same period of year.

 

Yours very truly,

 

Mr. Yves Bernard Braibant
CEO & President

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