ILM reported its Q3/2022 net profit of 152.6 million baht, increased by 173.2% YoY. Revenue from rental and rendering of services made a new high again. Operating results in Q4 will be outstanding and continue to grow.

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 Q3/2022 operating results that the Company recorded total revenue of 2,219.8 million baht, increased by 20.0% YoY, despite the Company's termination of home electric sale under the brand of Power One since the beginning of 2022. Net profit in Q3/2022 was 152.6 million baht, increased by 173.2% YoY, supported by no lockdown as occurred in the previous year, enhancing sales growth in almost all channels and a new high of revenue from rental and rendering of service. The Company is confident its Q4 operating performance will continue to grow remarkably as a festive season for a new year in which consumers enjoy spending. Another driving factor is that the Company opened the fourth Index Living Mall franchise store in Vietnam in October 2022 and will be opening Index Living Mall - Lat Krabang by the end of 2022.

Miss Kridchanok further clarified that the Company has been studying and analyzing the purchasing behavior of customers and adjusting its sales strategies to match the behavior of consumers. Proof of the effort is the Company's steady sales growth with a tendency to continue in the future.

Thai economy in the second half of the year continued to improve following the recovering economic activities and rising consumer confidence in the overall economy and future income. Tourism tends to improve continuously from the higher-than-expected number of foreign tourists, especially after the announcement of the reclassification of COVID-19 from a dangerous infectious disease to an infectious disease under watch, effective on 1 October 2022. Operating results in Q4/2022, which is a festive season are likely to expand healthily. The Company is also aware of the tendency of cost increase and has been initiating various measures, getting well prepared to reduce the impact of the upcoming rising cost and maintain the Company's earnings sustainably, concluded Miss Kridchanok.