2S Metal Public Company Limited Reports Consolidated and Separate Earnings Results for the First Quarter Ended March 31, 2018
May 09, 2018 at 11:17 am
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2S Metal Public Company Limited reported unaudited consolidated and separate earnings results for the first quarter ended March 31, 2018. For the period, on consolidated basis, the company reported total Revenues were THB 1,418,289,000 compared to THB 1,112,991,000 a year ago. Profit before income tax was THB 83,984,000 compared to THB 124,367,000 a year ago. Net profit for the period was THB 68,885,000 compared to THB 100,929,000 a year ago. Earnings of THB 0.17 per basic share compared to THB 0.25 per basic share a year ago. Net cash provided from operating activities was THB 66,630,000 compared to THB 128,591,000 a year ago. Acquisition of building and equipment was THB 8,507,000 compared to THB 22,145,000 a year ago.
For the period, on separate basis, the company reported total Revenues were THB 1,387,527,000 compared to THB 1,101,469,000 a year ago. Profit before income tax was THB 75,949,000 compared to THB 119,158,000 a year ago. Net profit for the period was THB 60,536,000 compared to THB 95,424,000 a year ago. Earnings of THB 0.15 per basic share compared to THB 0.24 per basic share a year ago. Net cash provided from operating activities was THB 53,405,000 compared to THB 140,427,000 a year ago. Acquisition of building and equipment was THB 3,896,000 compared to THB 18,745,000 a year ago.
2S Metal Public Company Limited is a Thailand-based company, which is engaged in the production of steel pipes, steel plates, light lip channel and steel wire mesh, and trading of steel products. The Company also offers angle bars, galvanized pipe, plumbing, safety equipment, wire mesh and others. The Company has three warehouses located in Nakhon Ratchasima, Bangkok and Suratthani Provinces. The Company has three subsidiaries: Neastern Steel Co., Ltd., Mega Trans and Logis Co., Ltd. and Grand Steel Pipe Industry Co., Ltd. Neastern Steel Co., Ltd. is engaged in the production of steel pipes, steel plates, light lip channels and steel wire mesh. Mega Trans and Logis Co., Ltd. is engaged in providing transportation services. Grand Steel Pipe Industry Co., Ltd. is engaged in the production of steel pipes, steel plates and light lip channel, and trading of steel products. The Company has two segments: trading (including raw materials), and manufacturing and distribution of steel products.