By Yi Wei Wong
Home Product Center PCL (HMPRO.TH) reported that its first-quarter profit fell 11% compared with a year earlier due to lower sales.
The furniture supplier said on Tuesday that its profit was 1.27 billion baht ($39.1 million) while total revenue fell 7.4% to THB15.33 billion.
Home Product Center is shifting its marketing and retail operations online as Thailand's government has ordered a temporary business shutdown to limit the spread of Covid-19, it said in a release. Since March, the company has closed 66 HomePro stores and seven Mega Home stores to comply with the lockdown.
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