trending Market Intelligence /marketintelligence/en/news-insights/trending/jGXlIl83t0zdox1PEcSCrQ2 content esgSubNav
In This List

Thai Luxe Enterprises Q4 loss widens YOY

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Thai Luxe Enterprises Q4 loss widens YOY

Thai Luxe Enterprises Public Company Ltd said its fourth-quarter normalized net income came to a loss of 10.2 million baht, compared with a loss of 2.9 million baht in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 2.3% from negative 0.5% in the year-earlier period.

Total revenue declined 17.2% on an annual basis to 497.4 million baht from 600.7 million baht, and total operating expenses fell 14.6% on an annual basis to 515.9 million baht from 603.8 million baht.

Reported net income came to a loss of 47.2 million baht, or a loss of 8 satang per share, compared to a loss of 1.7 million baht, or a loss of 0 satang per share, in the prior-year period.

For the year, the company's normalized net income totaled 4.2 million baht, compared with a loss of -6.7 million baht in the prior year.

Full-year total revenue declined 7.9% from the prior-year period to 1.98 billion baht from 2.15 billion baht, and total operating expenses declined 8.3% on an annual basis to 1.98 billion baht from 2.16 billion baht.

The company said reported net income came to a loss of 38.8 million baht, or a loss of 7 satang per share, in the full year, compared with a loss of 9.1 million baht, or a loss of 2 satang per share, the prior year.

As of Feb. 29, US$1 was equivalent to 35.64 baht.