CP All Public Company, operator of convenience store chain 7-Eleven, posted net profit of THB2.6bn ($82.6m) for the second quarter (Q2) of 2012, up from THB2.17bn ($68.89m) in the corresponding period for 2011.
The company is planning to increase its store count to 10,000 from the current 6,700 by 2018; around 500 outlets will be lauched each year with a majority of them to be located outside Bangkok.
CP All president Piyawat Titasattavorakul told Bloomberg company intends to expand outside of Southeast Asia and may open 7-Eleven stores in southern China and Vietnam, Titasattavorakul added
"China and Vietnam have large populations and strong economies that will offer opportunity for us," Titasattavorakul added.
Speaking about the expasnion in China and Vietnam, Titasattavorakul added that the company is yet to receive the approvals for the opening of 7-Eleven stores in China’s southern provinces over the next two years.
"For Vietnam, we have been exploring the market for several years."
The company is also planning to increase sales of ready-to-eat meals such as sandwiches and baked goods, adding products such as over-the-counter medicine and by introducing online shopping.
Apart from 7-Eleven stores, the company also has operations in other areas such as bill payment collection, manufacture and sale of frozen foods and bakery items, retail equipment sale and maintenance, information technology services, logistics services, marketing services, retailing vocational school, and training and business seminar services.