Thailand's conglomerate Loxley Plc posted consolidated revenue from sale of goods and rendering of services of Bt15.639 billion last year, up 14 per cent year- on- year.
It made a net profit of Bt50 million last year, decreasing 71 per cent year on year due mainly to the provision set for doubtful account of Bt337 million recorded in selling and administrative expenses.
Loxley president Suroj Lamsam said the group has set a target for growth in consolidated revenue of between 15 per cent and 20 per cent this year.
The company has completed a restructuring of its business group, resulting in five strategic business units instead of the four that had been in place for more than 10 years. The new structure took effect last month. The five strategic business groups comprise information technology, food service and distribution, energy, network solutions, and services.