Wednesday, November 13, 2019

TOG anticipates increased revenue during high season

Nov 08. 2018
Torn Pracharktam, Managing Director of Thai Optical Group
Torn Pracharktam, Managing Director of Thai Optical Group
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By The Nation

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TOG Optical Group anticipates increased revenue during the high season from sales of ophthalmic lenses from the EU, USA, Australia and New Zealand.

In a press release issued on Thursday, the company said it expects sales orders will increase steadily between the end of 2018 and the beginning of 2019 due to the high season in the EU, USA, Australia and New Zealand. 

The company said its strategy is to focus on premium-segment lenses with high margins e.g. “Zenith Iden” – the superior progressive lens designed for the easiest adaption for complicated prescription, and “Bluloc” – the lens material series which helps filter out 95 per cent of harmful blue-light.

TOG USA’s performance has demonstrated a very high growth potential, the company said. TOG USA sees an increase in sales order from its local customers especially in value-added product category namely high-index lenses, high-impact-resistant lenses, photochromic lenses as well as Bluloc lenses. The company continues to expand its customer base from more than 10 key customers currently and is expected to break even by the end of 2019.

The firsts shipment of “Zenith Iden” at the beginning of October 2018 has received incredibly positive feedbacks from domestic customers, the company said. By the first half of 2019, the company plans to expand this product to other countries in Asia-Pacific regions e.g. Singapore, Malaysia, Vietnam, etc. 

Torn Pracharktam, Managing Director of Thai Optical Group Public Company Limited (TOG), revealed the company’s third quarter revenue of Bt434.26 million, decreased by 8.63 per cent compared to that of the same period last year. Net profit is Bt13.07 million, with 4.28 per cent margin, decreased by 72.51 per cent. Net profit decrease was significantly caused by the decreasing sales in the value-added segment.

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