TPIPL Reports an Increase of 7.5% in 2020 Profit amid Declining in Expenses

TPI Polene Public Company Limited (TPIPL) has reported its yearly consolidated financial statement through the Stock Exchange of Thailand as follows;

TPIPL reported a net profit of 1,498 million baht in 2020, increased 7.51% from a net profit of 1,393 million baht in 2019. Cost of sales of goods decreased from 28,404 million baht in 2019 to 24,939 million baht in 2020. Meanwhile, the company also recorded 20% lower in distribution costs and administrative expenses. Other income increased 738 million baht in 2020 from 550 million baht in 2019.