SE-ED: REVENUE UP, PROFIT DOWN

Thai language publisher and retailer Se-Education Public Company Limited, commonly known as Se-Ed, has recorded a 5.37 per cent decline in net profit for the nine months ending September 30, 2009 - despite a 4.25 per cent increase in revenue over the same period last year.
The company, which has opened 13 new outlets so far this year, said in a statement to the Stock Exchange of Thailand that it has been affected by the global economic slowdown and other internal factors, including swine flu which had caused "wide anxiousness" and led to a decrease in spending and footfall in shopping centers.
In addition to being a leading retailer of Thai language magazines and newspapers, Se-Ed is also involved in publishing, distribution and wholesale.