ILM reported the Q4/2021 net profit of 150.9 million baht, the highest in 9 quarters since Q3/2019, significantly recovered after the easing of lockdown measures. 2021 Net profit was 453.2 million baht, increased by 7.6% YoY, with strong sales growth from online, OEM, and overseas franchise. The dividend payment has been set at 0.55 baht per share to propose to the shareholders' meeting for approval on 22 April 2022.

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 Q4/2021 operating results that the Company recorded total revenue of 2,369.4 million baht, increased by 11.3% YoY and 28.1% QoQ, with net profit of 150.9 million baht, increased by 5.6% YoY and 170.2% QoQ. Total revenue in 2021 was 8,414.1 million baht, increased by 2.6% YoY, with net profit of 453.2 million baht, increased by 7.6% YoY. The driving factors included solid growth of online, OEM, and overseas franchise sales, together with effective cost management in every aspect, and continuous long-term loans prepayment.

Miss Kridchanok clarified that after 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 Index Living Mall stores, the Company has already completed the rental spaces transferring of all stores to COM7 in January 2022. The partnership between the Company and COM7 will help attract more consumers to visit Index Living Mall stores and enhance the Company's performance to continue to grow and be more secure in the future.

Miss Kridchanok further clarified that despite facing difficult situations in some period during the past few years, the Company still has been able to manage liquidity satisfactorily and prepaid the long-term loans continuously. The Company also has been paying dividends to shareholders regularly since listing on the Stock Exchange of Thailand on 26 July 2019. Lately, the Company announced a dividend payment for the 2021 operating results at the rate of 0.55 baht per share, representing a dividend payout ratio of 61.3%, increasing from the dividend payment for the 2020 operating results at the rate of 0.42 baht per share, representing a dividend payout ratio of 50.4%. The dividend payment for the 2021 operating results will be proposed to the shareholders' meeting for approval on 22 April 2022. As the Company has already paid an interim dividend of 0.15 baht per share, the remaining 0.40 baht per share will be paid to shareholders upon the shareholders' meeting approval.

Since the current situation of COVID-19 severity is likely to be relaxing, while the government has been releasing economic stimulus measures since the beginning of 2022, all the Company's key sales channels tend to be growing in 2022. Also, revenue from rental and rendering of services tend to increase and make a new high supported by the Company's more diversified tenants and continuously effective cost management. Therefore, the Company is confident that its 2022 operating results will certainly get back to the same level as before the COVID-19 outbreak, concluded Miss Kridchanok.