Loxley Public Company Limited reported earnings results for the first half of 2014. For the first half of 2014 revenue of THB 7.46 billion, increasing by 2% compared to that of the same period of 2013. An increase of revenue stems mainly from project based and trading businesses. Net profit is recorded at THB 159 million for the first six months of 2014 which declines from the normalized net profit of THB 303 million in the same period of 2013. This is due to a relatively thin gross margin from project based business.

However, it is expected that the operating performance will improve in the second half of this year because Loxley will start record the revenue from the current order backlog, whose gross margin is relatively high, during this period. The performance in the second half of 2014 of the company should be better than the first half. The strong revenue base of the company is very promising. The current order backlog of THB 9.4 billion will support project based business while recurring income of THB 2.5 billion is sustained for trading and service businesses.