TOG moves forward with the Prescription Lens Business

Event Calendar Press Releases Thursday August 8, 2019 11:00
Bangkok--8 Aug--Thai Optical Group
TOG moves forward with Prescription Lens Business focusing on major customers in Europe, Middle East, and Africa to fulfill the manufacturing capacity of "RX AUTOMATION" Phase 2 investment.

The Company's second-quarter revenue from sales and services of 463 million Baht, increased by 3% compared to that of the same period last year. Net profit is 14 million Baht, with 3% net profit margin, decreased by 50% from the previous year. Major factors of the net profit reduction contributed from the additional provision of employee benefits from the new labor law, one-time expense of sales office relocation, and the strengthening baht currency resulting in both lower gross margin and loss on the exchange.

The company's business plan for the second half of 2019 is to focus on an expansion of integrated prescription lens business with high gross margin, and major customers in Europe, Middle East, and Africa. Orders from these new accounts will fulfill the manufacturing capacity of "RX AUTOMATION" Phase 2 investment, which will commercially commence the operation in the first quarter of 2020.

Meanwhile, as the company receives the positive feedback from the new progressive lens product series "z design" which was launched earlier this year, the company plans to continuously launch the new product including new premium lens coating in early 2020 - revealed by Torn Pracharktam, Chief Executive Officer of Thai Optical Group Public Company Limited or TOG

About TOG

Thai Optical Group Public Company Limited (the Company) or TOG was established in 1991. TOG is Thailand's largest manufacturer and distributor of ophthalmic lenses and one of the leading independent global manufacturers. In addition to being the first Thai company to manufacture lenses for domestic and international original equipment manufacturers (OEMs), it markets the products under its own brand "TOG", "Excelite(TM)", "ONE", "DISCOVERY", "FREEDOM", "MAXIMA", "SHADE", "ZAPHIRE", "BLULOC", "ZENITH" and "ZENSE"

The company's core business comprises of four units: organic lens, mineral lens, prescription lens, and other products and services – including glass mold manufacturing for plastic lenses, hard coating, multi-coating, glazing service, and trading. The Company, with a registered capital of 475 million Baht, is a publicly listed company on the Stock Exchange of Thailand, using "TOG" as a trading ticker symbol.

Latest Press Release

SCG joins hands with KTC in promoting construction business growth by increasing opportunities to access the capital of local contractors through the KTC-SCG VISA Purchasing credit card.

"SCG", SCG Cement-Building Materials Company Limited and "KTC" or Krungthai Card Public Company Limited, increase opportunities to access the capital for local contractors in the Digital Age through the "KTC-SCG VISA Purchasing" credit card, the first...

Thailands first luxury outlet #Central Village to open on 31 August 2019

Over 130 boutique stores, of which more than half are opening their first outlet shop in Thailand and with over 60 exclusive brands that are available only at Central Village Pinned as a prime location near Suvarnabhumi Airport to attract Thai and...

Photo Release: KBank to present final round of KBank e-Girls Generation X

Ms. Kattiya Indaravijaya (5th from right), KBank President, in her capacity as Chairperson of the "KBank e-Girls Generation X" Project, and Sqn. Ldr. Nalinee Paiboon, M.D. (5th from left), as Chairperson of the "KBank e-Girls Generation X" Judging...

LAWSON 108 rolls out Discover Japan campaign Enjoy Japanese goodness and collect points to redeem premium items

Saha Lawson Company Limited, the operator of "LAWSON 108" premium Japanese convenience store chain, is celebrating LAWSON 108's 6th anniversary with a brand-new campaign titled "Discover Japan", bringing tasty Japanese goodness to customers with a chance...

Bangkok Bank supports Thai business owners to expand into ASEAN as part of successful AEC Business Leader Program Class 4

Bangkok Bank has successfully concluded its latest AEC Business Leader Program, which has been successfully strengthening the capabilities of Thai SME business owners to enter the ASEAN market for four consecutive years. Bangkok Bank President Chartsiri...

Related Topics