Analyst Pin-board: Improving margins – a crucial task for Bach Hoa Xanh
Bach Hoa Xanh – the grocery chain - is growing steadily. Changes in its store-opening strategy has improved the average revenue per store from VND 600 mn in February to over VND 1 bn in July. Additionally, cost optimization and product restructuring have increased the gross margin significantly from 12% in 2017 to 14% in 1Q and 16% in 2Q 2018. However, there is still a long way to go for Bach Hoa Xanh in order to firstly reach the break- even and furthermore contribute to the revenue/profit of MWG.
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