INDEX LIVING MALL, THAILAND’S NO.1 HOME FURNISHINGS AND DECORATIVE RETAIL CHAIN STORE

ILM reported the Q2/2021 net profit of 101.0 million baht, an increase of 596.7% YoY, while 6M/2021 net profit was 246.4 million baht, increased by 85.7% YoY. Online sales made a new record high. OEM sales grew steadily. The Company continued to repay loans and announced an interim dividend payment of Baht 0.15 per share.

Miss Kridchanok Patamasatayasonthi, Managing Director of Index Living Mall Public Company Limited (ILM), Thailand's leading integrated retailer of furniture and home furnishing products, revealed the Q2/2021 operating results that the Company recorded total revenue of 2,048.5 million baht, increased by 10.6% YoY, with a net profit of 101.0 million baht, increased by 596.7% YoY. Total revenue in 6M/2021 was 4,195.1 million baht, increased by 2.8% YoY, with a net profit of 246.4 million baht, increased by 85.7% YoY. Operating performance recovered significantly from the same period last year, supported by revenue growth and reduced operating costs in every aspect continuously. Besides selling through retail stores, the Company also has other major sales channels that can help drive sales steadily, e.g., online channel, which has been growing continuously and recently hit another quarterly new record high with a tendency to make a new high again in the future. Also, sales of Younique Customized Furniture and overseas OEM have been growing outstandingly.

Miss Kridchanok further clarified that we are still at risk from the latest wave of the COVID-19 outbreak, the worst situation since it first started in Thailand last year, causing the government to again release the lockdown measures over the highest and strict control areas since 12 July 2021. However, the distribution of COVID-19 vaccines has been gradually increasing. The country's reopening for foreign tourists under the concept of "Phuket Sandbox" and "Samui Plus Model" also has started, with the future plan to reopen more tourism areas in other provinces. Plus, the government's stimulus campaigns will help build confidence and stimulate domestic consumption to recover continuously. Consequently, domestic purchasing power and the Company's overall performance should be reinforced in the second half of this year, concluded Miss Kridchanok.

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