Post by account_disabled on Dec 25, 2023 22:26:29 GMT -6
ILM explains the strong 3rd quarter 2020 results, net profit grew more than 9 times compared to the previous quarter, reaching 145.6 million baht, total income almost 2,000 million baht, clearly recovering following the growth of sales and rentals. After the branch returned to open for business as usual for a full quarter. Profit margin hits record high After tightening the game to control costs - adjust sales strategies - increase production efficiency. while liquidity remains strong Both pay dividends and repaying long-term loan debt ahead of schedule from the beginning of the year by approximately 1,000 million baht. Executives expect the outlook for the final stretch of the year to be bright. Receive the benefits of the measures "Shop well and get money back" stimulates purchasing power Supporting the overall operating performance to continue to recover. Miss Kritchanok Pathamasatayasonthi Managing Director of Index Living Mall Public Company Limited or ILM, a leading integrated furniture and home decoration retailer in Thailand. Revealing operating results for the 3rd quarter of 2020, the overall recovery was outstanding.
Compared to the 2nd quarter of 2020, which is considered the lowest point. After government agencies announced lockdown measures to stop the spread of COVID-19, the company had a net profit of 145.6 million baht, an increase of more than 9 times compared to the previous quarter. This follows the growth of total revenue of 1,989.8 million baht, an increase of 7.4% compared Telegram Number Data to the previous quarter. Receive the benefits of domestic purchasing power starting to recover. As a result, for the first 9 months of 2020, the company had total revenue of 6,069.4 million baht and net profit of 278.2 million baht. In the 3rd quarter of 2020, the company was able to create gross profit margin from sales (Gross Profit Margin) and net profit margin (Net Profit Margin) reaching record highs. The gross profit margin from sales was 49.9% after adjusting strategies to focus on increasing production efficiency, adjusting product mix, increasing the proportion of sales of products with high gross margins. To be in line with consumer behavior in the New Normal era along with organizing effective sales promotions.
Meanwhile, the net profit margin reached the highest level of 7.3% after the company continued to control sales and administrative expenses with efficiency. Ms. Kritchanok added that Even in difficult situations, the company is able to manage liquidity strongly. Repaying long-term loans from financial institutions from the beginning of the year totaling 1,367 million baht, of which 998 million baht was repaid ahead of schedule, including moving forward with dividend payments of 232.3 million baht for the 2019 operating period and announcing interim dividend payments of 75.8 million baht for Operating period 1 January to 30 June 2020, which was paid to shareholders on 8 October 2020. For the final trend of 2020, the company expects that the government's "Shop Dee Mee Back" measure will help stimulate domestic purchasing power. and help drive sales and overall operating results of the company To continuously recover Including continuing to maintain a high gross profit margin. Effectively control sales and administrative expenses. and manage the supply chain with an aim to reduce the amount of inventories in the future. To maintain the ability to make profits at a high level in a sustainable way. Especially when Thailand's economic situation returns to the level before the COVID-19 outbreak, the company's operating results will be visible. Returned to outstanding growth Ms. Kritchanok said.
Compared to the 2nd quarter of 2020, which is considered the lowest point. After government agencies announced lockdown measures to stop the spread of COVID-19, the company had a net profit of 145.6 million baht, an increase of more than 9 times compared to the previous quarter. This follows the growth of total revenue of 1,989.8 million baht, an increase of 7.4% compared Telegram Number Data to the previous quarter. Receive the benefits of domestic purchasing power starting to recover. As a result, for the first 9 months of 2020, the company had total revenue of 6,069.4 million baht and net profit of 278.2 million baht. In the 3rd quarter of 2020, the company was able to create gross profit margin from sales (Gross Profit Margin) and net profit margin (Net Profit Margin) reaching record highs. The gross profit margin from sales was 49.9% after adjusting strategies to focus on increasing production efficiency, adjusting product mix, increasing the proportion of sales of products with high gross margins. To be in line with consumer behavior in the New Normal era along with organizing effective sales promotions.
Meanwhile, the net profit margin reached the highest level of 7.3% after the company continued to control sales and administrative expenses with efficiency. Ms. Kritchanok added that Even in difficult situations, the company is able to manage liquidity strongly. Repaying long-term loans from financial institutions from the beginning of the year totaling 1,367 million baht, of which 998 million baht was repaid ahead of schedule, including moving forward with dividend payments of 232.3 million baht for the 2019 operating period and announcing interim dividend payments of 75.8 million baht for Operating period 1 January to 30 June 2020, which was paid to shareholders on 8 October 2020. For the final trend of 2020, the company expects that the government's "Shop Dee Mee Back" measure will help stimulate domestic purchasing power. and help drive sales and overall operating results of the company To continuously recover Including continuing to maintain a high gross profit margin. Effectively control sales and administrative expenses. and manage the supply chain with an aim to reduce the amount of inventories in the future. To maintain the ability to make profits at a high level in a sustainable way. Especially when Thailand's economic situation returns to the level before the COVID-19 outbreak, the company's operating results will be visible. Returned to outstanding growth Ms. Kritchanok said.
