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Loxley sets annual growth target at 20 per cent - Krungthep Turakij 30/4/02.

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| May 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Loxley is continuing with its main lines of business and predicts its income will rise 20 per cent this year, a report in Krungthep Turakij said.

The managing director of Loxley said the company's income would rise about 20 per cent this year, from 8.24 billion baht last year. Loxley will make about 65 per cent of its income from product sales and 35 per cent from services and trading. Loxley expects to be able to sell more fibreoptic cable this year and more power production equipment, because the government sector is continuing to improve the efficiency of the power grid, even though no new power plants will be built this year.

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