ILM Posts a Net Profit of ฿145Mn in 1Q, Up 23% from a Lower Operating Costs
In Q1/2021, ILM recorded a net profit of Baht 145.4 million, mainly supported by the company’s capability to decrease operating costs in every aspect continuously despite a decrease in operating revenue due to the second outbreak of COVID-19.
Index Living Mall Public Company Limited (ILM) has reported its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
In Q1/2021, ILM recorded a net profit of Baht 145.4 million, increased by 23.0% YoY and 1.7% QoQ, mainly supported by the company’s capability to decrease operating costs in every aspect continuously despite a decrease in operating revenue due to the second outbreak of COVID-19 since December 2020 which continued to tamper consumers’ spending.
Gross profit margin from sale in Q1/2021stood at 43.4%, a decrease of 2.5% YoY and 2.1% QoQ mainly resulted from a higher cost of particle board, which is a major raw material for furniture production, a higher sales portion of lower-margin products, and sales clearance of slow-moving goods.
