Trading firm Loxley will be expanding its retail arm by capitalising on its 12,000 two- and three-digit online lottery kiosks to double its yearly earnings of Bt5 billion to Bt10 billion in 2014.
Loxley's executive vice president Suraphand Bhasitnirandr said yesterday the company saw a great business opportunity in expanding its retail business through its existing online lottery kiosks nationwide.
The firm currently distributes 20 consumer product brands, and believes its 10 to 15 per cent average growth in the consumer segment can be boosted further if products could be sold via its online lottery kiosks.
It has also developed a model to help lottery operators sell its products, and expects at least 20 to 30 per cent of the 3,000 lottery sellers to jump at the chance.
The company distributes products including cooking oil, UHT milk, snacks, canned tuna to name a few.
The company has four business units, namely trading, technology, service and joint ventures. Loxley's trading arm has contributed 45 per cent of its total sales of Bt10 billion.
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