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Thailand’s DoHome sees 36 per cent increase in first half sales

An overall improvement in store turnover led to a 36.1-per cent rise in Thai home improvement chain DoHome's sales in the first half of the year despite the closure of some branches sometime during the first quarter due to Covid-19-related restrictions. In a disclosure to the Stock Exchange of Thailand (SET), DoHome said sales hit 12.376 bn Thai baht (THB, EUR 313.998 mio) in the first six months of the year. The company attributed the rise to higher revenues from existing outlets and "ramped-up" branches as well as from new stores.

For the second quarter, during which the company opened its 14th large-format store, sales went up 38.5 per cent to THB 6.313 bn.

DoHome had to close branches located in the provinces of Samutsakorn and Rayong between 19 December 2020 and 1 February 2021. The company was able to operate normally in the second quarter. However, fresh restrictions have been imposed in Bangkok and nearby areas starting mid-July. The retailer continues to provide service through its e-commerce and phone purchase channels for most of the branches.

A SET 100 company, DoHome sells construction materials, office equipment and household products. Its categories include hardware tools, garden water pumps, electronics, bedroom furniture, household appliances, lighting and electrical equipment, sanitary ware, bathrooms and tiles, stationery, sports equipment, basic building materials and other products.

|17 August 2021 | 16:36


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