Thai Optical on track for 10% revenue growth
THAI OPTICAL GROUP is maintaining this year’s revenue-growth target at 10 per cent after reporting revenue of Bt964.59 million and net profit of Bt108.15 million in the first half, up 11.22 and 28.22 per cent respectively from the same period of last year
He said the strong performance stemmed from overall market growth, especially in the premium segment, while the company also applied efficient cost controls.
Thai Optical will pay interim dividends to shareholders next month, he said.
He said the recent roadshow in the United States by the company’s executives demonstrated the confidence Thai Optical’s product quality, especially its value-added or premium segment.
Additionally, the launch of LeafEco, a plastic lens made from bio-based material, has attracted high interest because of the concerns about global warming.
The company claims LeafEco helps reduce carbon-dioxide emissions at the beginning of production while yielding similar optical characteristics and production costs as petroleum-based lens.
The company continuously puts emphasis on research and development to bring out innovative products and services, Sarath said.
He said a new automated prescription-lens production line was expected to be completed by year-end after an investment of more than Bt350 million. The commercial operating date is due in the first quarter of 2017.
This production line is aimed at elevating the company’s service level, enhancing the opportunity to acquire new accounts as well as revenue generation thanks to its 24-hour, seven-day service. An additional LeafEco production line will serve the environmentally conscious market. These factors are expected to maintain the company’s annual growth at more than 10 per cent.
At present, the company’s revenue contribution is 95 per cent international sales and 5 per cent domestic sales. Its major markets are Europe, North America and Asia-Pacific.
Within the Asean Economic Community, Thai Optical believes Vietnam has the highest growth potential, as Vietnamese consumers are confident in the quality of Thai products. The next growth markets are Malaysia and Singapore.
