Ingress autoparts has net profit dip

Auto & Audio December 18, 2017 14:33

By The Nation

Listed autoparts maker firm Ingress Industrial (Thailand) Plc has reported its first 9-month earnings of Bt104 million with a consistent revenue of Bt2.14 billion, the company’s CEO Abdul Rahim bin Haji Hitam said on Monday.

The Company has maintained a gross margin of 21.4 per cent and is reporting a gross profit of Bt460 million, slightly down from the gross profit of Bt474 million in the same period last year.

Its net profit before minority interest is Bt104 million, a drop from its net profit of Bt168 million in the same period last year. The company attributed the drop to slower sales mainly from its Malaysian subsidiaries this year, coupled with a high foreign exchange gain and income taxes during the last year.