TCM Corporation Plc (TCMC), a leading rug and carpet manufacturer, says cost control measures and an easing of lockdown rules in the UK helped it earn a profit of 108 million baht in this year’s third quarter.
This is a big jump from the 9.7 million baht in profit earned in the third quarter of 2019, even though the company’s sales and services in the third quarter of this year stood at 1.9 billion baht, a drop of about 7.9% when compared with about 2 billion baht year-on-year, said TCMC chief executive ML Walliwan Varavarn.
She said the pandemic had seriously affected the company’s business, notably carpet and flooring, because TCMC’s main customers are in the hospitality sector, which includes hotels, casinos, cruise ships and convention centres.
The impact had caused the company to earn 4.5 billion baht in revenue from January to September this year, 27.5%…
