Overseas Sales Push ILM’s Net Income Up Nearly 600% in 2Q, Offering a Dividend of ฿0.15

Index Living Mall Public Company Limited (ILM) has announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 2Q21, ILM recorded a net profit of Baht 101.0 million, increased by 596.7% YoY, while In 6M21, ILM recorded a net profit of Baht 246.4 million, increased by 85.7% YoY, mainly supported by 1) higher operating revenue, both from sale and rental and rendering of services, due to the country lockdown measures to prevent the first outbreak of COVID-19 in the same period last year. 

2) Sales that continued to grow included retail sales, which grew by 15.8% YoY; online sales, which grew by 16.5% YoY; overseas OEM sales, which grew by 89.8% YoY; overseas franchise sales, which grew by 17.1% YoY; and Younique Customized Furniture sales, which grew by 68.4% YoY.

3) Improved gross profit margin, both from sale and from rental and rendering of services, and 4) lower %SG&A to operating revenue supported by higher revenue and improved cost management.

In addition, ILM has passed a resolution to offer an interim dividend payment at the rate of 0.15 baht per share to be paid on September 3, 2021, with an Ex-dividend date on August 19, 2021.