Loxley Plc is planning to push forward and achieve consecutive growth after completing a two-year business restructuring task which saw it cut 40 underperforming firms and form seven core companies.
Suroj Lamsam, Loxley president and chief executive officer, said the firm experienced a positive turnaround last year with a better bottom line after experiencing several years of low profit or losses.
Its consistent bad performance was attributed to the business restructuring process which saw the company close subsidiaries which had a registered capital of 1-2 million baht and this helped generate revenue of around 5-10 million baht per year.
As a result, almost 40 companies have been cut into seven active companies which mostly focus on IT business, security, energy, telecom and trading.
Loxley’s revenue was 14.53 billion baht in 2020, up from 13.15 billion baht in…
