The Decrease of LOXLEY’s GPM Plunges Its 2Q Profit to Record a Loss of ฿136m

The Decrease of LOXLEY’s GPM Plunges Its 2Q Profit to Record a Loss of ฿136m.

Loxley Public Company Limited (LOXLEY) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

For the quarter ended June 30, 2019, LOXLEY had a net loss of THB 136 million, decreased from a net profit of THB 47.50 million of the same quarter prior year. The decrease of net profit mainly caused by a decrease of gross profit margin and fees and other income and an increase of distribution cost and administrative expenses as earlier clarified.

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