Post by account_disabled on Jan 3, 2024 4:16:43 GMT
L&E continues to create results in the second half of 2019, with outstanding growth in both revenue and net profit. The main reason is the recognition of income from work in hand of 1,300 million baht, both 100% within the 3rd-4th quarter of this year. After the first half of the year, income and profits were lower than the target, indicating that the 2nd quarter of 2019 was heavily affected by the postponement of income recognition and slowdown of project work from political factors Combined with expenses to reserve for employee benefits from the new labor law. But it is expected that for the whole year revenue will grow 5% while net profit will grow in the same direction.
Mr. Pakorn Borimasaporn, Chairman C Level Executive List of the Executive Committee, Lighting and Equipment Public Company Limited or L&E, a leading manufacturer and distributor of electric lamps and lighting equipment in Thailand and in the ASEAN region, revealed the operating results trend. The second half of 2019 recovered significantly from the first half of the year due to the recognition of income from outstanding work valued at more than 1,300 million baht, all within the second half of the year. And it is expected that the entire year's income will grow approximately 5% from last year's income of 2,923 million baht and net profit will grow in the same direction.
For the first half of the year (January - June 2019), the company had sales and service income of 1,146 million baht, a decrease of 165 million baht from the same period last year, or a decrease of 13%, while profit for the period was 0.6. million baht, compared to the previous year's profit of 44.4 million baht. The decrease was due to the postponement of revenue recognition from various projects and the slowdown of the project to change products from original products to LED products to save energy for both the government and the government. private In the second quarter of 2019 (April - June), the company had sales and service income of 548 million baht, a decrease of 136 million baht from the previous year or 20% from postponing the delivery of work worth approximately 160 million baht from Parliamentary work project Suvarnabhumi Airport work, secondary concourse Chulalongkorn Hospital work Siriraj Hospital work Expressway works, etc.
Mr. Pakorn Borimasaporn, Chairman C Level Executive List of the Executive Committee, Lighting and Equipment Public Company Limited or L&E, a leading manufacturer and distributor of electric lamps and lighting equipment in Thailand and in the ASEAN region, revealed the operating results trend. The second half of 2019 recovered significantly from the first half of the year due to the recognition of income from outstanding work valued at more than 1,300 million baht, all within the second half of the year. And it is expected that the entire year's income will grow approximately 5% from last year's income of 2,923 million baht and net profit will grow in the same direction.
For the first half of the year (January - June 2019), the company had sales and service income of 1,146 million baht, a decrease of 165 million baht from the same period last year, or a decrease of 13%, while profit for the period was 0.6. million baht, compared to the previous year's profit of 44.4 million baht. The decrease was due to the postponement of revenue recognition from various projects and the slowdown of the project to change products from original products to LED products to save energy for both the government and the government. private In the second quarter of 2019 (April - June), the company had sales and service income of 548 million baht, a decrease of 136 million baht from the previous year or 20% from postponing the delivery of work worth approximately 160 million baht from Parliamentary work project Suvarnabhumi Airport work, secondary concourse Chulalongkorn Hospital work Siriraj Hospital work Expressway works, etc.