Sherwood Chemicals Public Company Limited announced unaudited consolidated and company earnings results for first quarter ended March 31, 2016. For the quarter, on consolidated basis, the company reported total revenues of THB 317,610,000, profit before income tax of THB 71,135,000, profit attributable to equity holders of the company of THB 54,834,000 or THB 0.37 per basic share, net cash from operating activities of THB 7,538,000, acquisition of equipment of THB 829,000, acquisition of intangible assets of THB 30,000 compared to the total revenues of THB 263,334,000, profit before income tax of THB 30,661,000, profit attributable to equity holders of the company of THB 23,463,000 or THB 0.16 per basic share, net cash from operating activities of THB 17,623,000, acquisition of equipment of THB 10,391,000, for the same quarter a year ago. The net profit, increased by THB 31.37 million or 133.7% as compared to the same period last year. The main reasons of such increase were as follows: sales revenues for the three months ended first quarter of 2016 was THB 315.56 million, increased by 20.39% as compared to the same period last year due to the sales of new products, and the distributor management by increasing 2 more distributors in the North-Eastern area; the decrease of cost of goods sold from 64.51% to 60.12% of sales amount resulting from the effect of raw material price decreased compared to the first quarter of last year, and also the decrease in the promotional on-pack premiums and other premiums campaign; the THB 4.80 million of selling expenses decrease or 12.06% resulting from the decrease of advertising and promotional expenses; and the THB 2.03 million of administrative expenses decrease or 8.53% resulting from the decrease of research and development expense compared to last year, and there was no loss from exchange rate in the first quarter of this year as well. For the quarter, on company basis, the company reported total revenues of THB 293,458,000, profit before income tax of THB 66,518,000, profit attributable to equity holders of the company of THB 53,187,000 or THB 0.35 per basic share, net cash used in operating activities of THB 344,000, acquisition of equipment of THB 829,000, acquisition of intangible assets of THB 30,000 compared to the total revenues of THB 260,565,000, profit before income tax of THB 28,240,000, profit attributable to equity holders of the company of THB 22,611,000 or THB 0.15 per basic share, net cash from operating activities of THB 9,063,000, acquisition of equipment of THB 10,391,000, for the same quarter a year ago.