'Index Living Mall PCL' or ILM reported the net profit of 163.7 million baht for the 2Q/2023 performance, a growth of 0.9% YoY, with the total revenue of 2,215.7 million baht, a growth of 2.1% YoY, pushing the new record of best performance of the first half with a total net profit of 338 million baht, growing 4.6% YoY from the result of the revenue from rental and rendering of services and the sales from retail channels jumped up. The Company has announced an interim dividend payment of 0.25 baht per share and revealed plans to open the fourth Little Walk's branch and the renovation plan for the Index Living Mall with the new refreshment look within this year to ensure the achievement of revenue target.

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 successful operating results for the second quarter of 2023 (April – June 2023) that the Company reported the net profit of 163.7 million baht, an increase of 0.9% YoY, with total revenues of 2,215.7 million baht, an increase of 2.1% YoY, with sales revenue growing 1.1% YoY, mainly from the Company's retail stores, especially the tourist area branches including the growth of revenue from rental and rendering of services at 12% YoY from the existing stores and the opening of a new Little Walk Ladkrabang store in December 2022.

As a result of those performances, ILM recorded the highest profit for the first half of the year at 338 million baht, a growth of 4.6% YoY, total revenue of 4,428.2 million baht, a growth of 2.5% YoY, driven by the retail store channel since the change of customer behavior to buy products at Index living mall stores. While the online channels also grew significantly, it also came from the growth in rental and service income from the opening of new stores together with the ability to manage costs efficiently then pushed the gross profit and gross profit margin continued to grow.

The Board of Directors' meeting on August 9, 2023 approved the interim dividend payment for the operating period from January 1 to June 30, 2023 at the rate of 0.25 baht per share, which is more than the interim dividend payment in the same period last year at the rate of 0.20 baht per share in order to create confidence and better yield for our shareholders. The Record date for the right to receive dividends was determined on August 24, 2023, and dividends will be paid to shareholders on September 7, 2023.

For the second half of this year, the company plans to renovate Index Living Mall, Pattaya branch, and open Little Walk, Krungthep Kreetha branch at the end of the third quarter of 2023, as well as improve the efficiency of cost management by conducting a trial of EV Truck to evaluate efficiency and cost-effectiveness including emphasizing business operations along with the environmental sustainability according to the Green Planet concept, which is one of the company's ESG strategies.

"Overview of the Thai economy in the second half of the year tends to improve, supported by the number of tourists which is expected to recover faster than the previous expectation. ILM estimates that the sales from retail store channels will continue to grow especially branches in tourist areas, online sales growth, and the rental revenue growth along with the increase of rental space from the new stores. The Company believes the performance in the second half of the year will grow and drive the full-year performance to reach the target." concluded Miss Kridchanok.