Banner Year for 7-Eleven's Parent Company

China Post, March 15, 2017 | Go to article overview

Banner Year for 7-Eleven's Parent Company


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TAIPEI, Taiwan -- President Chain Store Corporation reported historic highs in both revenues and profits for 2016 during an afternoon press gathering on Tuesday.

President Ray Chen ([...]) stated that the corporation grossed a total revenue of NT$215.36 billion and an after-tax profit of NT$9.84 billion last year, marking a 4.8 percent and a 19.4 percent increase, respectively, from 2015.

The good performance, according to company representatives, is due to a combination of both business expansions into life appliances, transportation, and books as well as the opening of 7-Elevens overseas in the Philippines and Shanghai.

On top of good financial management, President Chain Store Corporation was included in the global FTSE4Good Index series for the first time in the corporation's history, an index that measures the performance of companies demonstrating strong environmental, social and governance practices.

Furthermore, the corporation ranked in the top 5 percent of a Taiwan corporate governance evaluation for the second time in a row.

During the press conference, Chen took the time to reflect on a few of the sources of success for 7-Eleven stores in 2016.

These included the following: themed stores with innovative designs and children's reading rooms, special holiday edition treats, organic produce, a good selection of microwavable products and foods, ice cream and popsicles, the classic Slurpee and hotdogs, deserts, City Cafe, and icash 2. …

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