| Business Summary | | King
Power
International
Group
Co.,
Ltd.
is
a
travel-retail
operator
in
Thailand.
The
Company
operates
and
manages
29
duty-free
and
25
tax-free
stores,
via
two
concession
agreements
with
the
Airports
Authority
of
Thailand,
throughout
all
of
Thailand's
major
airports.
King
Power
operates
its
current
businesses
through
two
divisions,
the
Tax
Free
Division
and
the
Duty
Free
Division.
King
Power
Tax
Free
Company
Limited
is
engaged
in
selling
various
souvenirs
and
consumer
products
in
the
international
and
domestic
terminals
of
all
the
major
airports
located
in
Thailand
to
international
and
local
travelers.
King
Power
Duty
Free
Company
Limited
is
engaged
in
selling
duty-free
merchandise
to
the
traveling
public
under
the
supervision
of
Thai
customs
in
duty-free
shops
located
in
the
international
terminals
of
all
of
the
major
airports
in
Thailand. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KPG
operates
and
manages
29
duty-free
and
25
tax-free
stores,
via
two
concession
agreements
with
the
Airport
Authority
of
Thailand,
throughout
all
of
Thailand's
major
airports.
Revenues
for
the
three
months
ended
3/31/01
rose
15%
to
$31.7
million.
Net
income
rose
2%
to
$1.9
million.
Revenues
reflect
continued
growth
in
the
number
of
tourists
entering
into
Thailand.
Net
income
was
partially
offset
by
higher
new
line
development
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
26,275;
after
tax
earnings
were
648. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Vichai Raksriaksorn, 42 Group
Chairman, CEO and Acting Group Managing Director | $82K | Viratana Suntaranond, 59 Group
CFO, Sec. | 66K | Aimon Raksriaksorn, 43 Group
Deputy Managing Director, Director | 65K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|