ILM reported the Q3/2021 net profit of 55.9 million baht, despite the lockdown and control measures, while 9M/2021 net profit was 302.2 million baht, increased by 8.6% YoY. Online sales made another new quarterly record high. Planning to open two new franchise stores in Indonesia in Q4/2021. The domestic economy should be recovering continually, and a new store will be open next year. COM7, a new partner, will sell home electrical appliances, mobile phone devices, and computers, starting with 15 stores by November.

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 Q3/2021 operating results that the Company recorded total revenue of 1,849.6 million baht, decreased by 7.0% YoY, with a net profit of 55.9 million baht, dropped by 61.6% YoY. Total revenue in 9M/2021 was 6,044.7 million baht, almost unchanged from last year, but net profit was 302.2 million baht, increased by 8.6% YoY.

Miss Kridchanok clarified that the Q3/2021 operating performance reduced from the same period last year, mainly due to the government's lockdown and control measures from 12 July to 31 August 2021, to prevent the spread of COVID-19 resulted in the temporary closures of some stores of Index Living Mall, The Walk, and Little Walk during those periods. However, the Company's performance in Q3/2021 was significantly better than Q2/2020 when the first lockdown measures were applied.

Miss Kridchanok further added that the Company has reached an agreement with COM7 Public Company Limited (COM7), the leading smartphone and technology products retailer in Thailand, to have COM7 sell home electric appliances, mobile phone devices, and computers at all Index Living Mall stores, starting the first phase with 15 stores by November 2021. The partnership between the Company and COM7 is a Win-Win strategy since the customer groups are related. The Company believes that it will help attract more consumers to visit Index Living Mall stores, as there will be more variety of product categories that better meet the customers' needs.

With the country reopening policy, the government's economic stimulus measures, the Company's continuous growth of online, overseas OEM, and overseas franchise sales, plus the partnership with COM7, all of these drivers will help support the Company's performance to recover significantly in Q4/2021. The Company is also confident that its 2022 operating results will certainly get back to the same level as before the COVID-19 outbreak, concluded Miss Kridchanok.