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CAWOW predicts sharp upturn.
Byline: Ploy Chitsomboon
Mar. 1--The fitness chain operator California WOW Xperience Plc (CAWOW) projects its revenue to grow by 70-80 percent this year from 796 million baht last year.
The company reported an impressive performance last year and announced plans to open five more branches by the end of the year and another in early 2007, bringing the total to 11.
CAWOW's chairman and chief executive, Eric Levine, said that new club openings had sent its 2005 net profit up 386 percent to reach 73 million baht.
In 2005, the company generated 796 million baht of revenue, up 113 percent from 374 million baht the year before.
New ...
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