AutoCorp Holding Public Company Limited, or ACG, reported its highest profit ever since listing on the stock exchange, driven by its car dealership business, which has grown and remained consistently profitable. Its independent auto service center business, Autoclick, is still loss-making, but its loss rate has narrowed markedly, lifting the company's consolidated financial statements. The company expects earnings this year to grow from last year. For the fourth-quarter outlook, services are expected to benefit from demand to repair vehicles damaged by flooding, especially at Autoclick, which currently has 8 branches in Bangkok and its vicinity and expects more vehicles to come in for service once floodwaters recede. Chief Executive Officer Phanumas Rangkakulnuwat said that by around mid-2027, the company expects cash flow from operations to be sufficient to fund working capital and business expansion on its own, without relying on bank credit lines, which will help reduce interest expenses. The company believes its financial position is strong enough that it does not need to raise a large amount of capital. In its services business, the company is focusing on sales promotion campaigns and customer assistance measures rather than raising prices; while unit margins may not increase, this will help drive sales volume higher. Most recently, the company has moved forward with assistance for car users affected by flooding, offering advice and basic help free of charge, and Autoclick is letting car users bring their vehicles in for a free 37-point vehicle inspection at every Autoclick branch.
Autocorp Holding Public Company LimitedQ4 services expected to benefit from demand to repair flood-damaged vehicles, especially at Autoclick, driving record profit.
