CP All has reported first-quarter revenue of Bt52.9bn (£1.16bn), up 18.4% as a result of 7-Eleven store expansion in Thailand, growth in average same-store sales and an increase in other operating income.

During the quarter 219 new 7-Eleven convenience stores were opened, passing the milestone of 7,000 stores in Thailand at the end of the period. Same-store sales increased 11.8%, or 8.8% including phone cards.

Consolidated net profit climbed 15% to Bt3.2bn (£70.1m). Net margin narrowed, which the company attributed to an increase in the minimum wage.

CP All plans to open up to 540 stores in 2013.

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