Mr. Kamol Juntima, Chairman of the Board, IT CITY Public Company Limited reported the year 2009’s first 9 months company’s performance that the company’s total revenue was 4,165.59 million Baht with the negative growth of 8.21% and the net profit of 121.27 million Baht with the negative growth of 15.81% comparing to the same period of the year 2008.
As for the third quarter of the year 2009, the company shown the total revenue of 1,566.83 million Baht with the negative growth of 4.03% and the net profit of 58.15 million Baht with the growth of 1.67% comparing to the same period of the year 2008.
The key reasons for the negative growth of the company’s operation during the first nine months was the slow down of the entire Thai economy which incline to have a better improvement in the fourth quarter. The overall of business operation as well as the competitive capability of company is still in the satisfactory level. Today, IT CITY has received the direct support from both domestic and foreign suppliers, we are the comprehensive center for IT products, abreast of the time and focus on the IT retail business that we are specialist which will make us reach the Economy of Scale and be able to provide the quality to serve both consumer and SMEs customers that require the IT products to increase their business and learning ability.
In the third quarter of the year 2009, the company had expanded 2 new branches namely Pantip-Bangkapi and Saraburi province. Moreover, IT CITY will open another 2 new branches at Singhaburi province and Chacheongsao province in the fourth quarter from the existing 36 branches now. Moreover, we will provide more products with the latest technology as well as control the company’s expenditure appropriately to the economic situation and the company’s revenue capability.
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