Sriracha Construction Public Company Limited Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2018
May 14, 2018 at 03:42 pm
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Sriracha Construction Public Company Limited reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, the company’s total revenues were THB 239,879,364 compared to THB 470,755,184 a year ago. Profit before income tax expenses was THB 5,936,407 compared to THB 25,671,795 a year ago. Profit attributable to equity holders of the parent was THB 2,129,361 or THB 0.0069 per basic share, compared to THB 19,373,108 or THB 0.0625 per basic share, a year ago. Net cash provided by operating activities was THB 189,789,122 compared to THB 40,223,409 a year ago. Cash paid for acquisition of plant and equipment was THB 2,299,660 compared to THB 5,616,751 a year ago. Cash paid for acquisition of intangible assets was THB 2,138,350 against THB 2,083,986 a year ago. The decrease of 89.01% in net profit was due to the company current economic downturn, the volume of work has been reduced and hence the reduction in company revenue.
For the quarter, on parent basis, the company’s total revenues were THB 194,895,698 compared to THB 423,423,302 a year ago. Profit before income tax expenses was THB 2,469,413 compared to THB 18,489,236 a year ago. Loss attributable to equity holders of the parent was THB 32,287 or THB 0.0001 per basic share, compared to profit attributable to equity holders of the parent of THB 14,979,853 or THB 0.0483 per basic share, a year ago. Net cash provided by operating activities was THB 157,393,991 compared to THB 13,459,248 a year ago. Cash paid for acquisition of plant and equipment was THB 2,181,251 compared to THB 5,486,250 a year ago. Cash paid for acquisition of intangible assets was THB 337,500 against THB 2,083,986 a year ago.
Sriracha Construction Public Company Limited is a Thailand-based company engaged in construction business, rendering manpower services and maintenance service. The Companyâs projects include Main Mechanical HCU UNIT, which include steel structure, piping, equipment, scaffolding, insulation, fire proof and touch up paint; Thai Oil Fuel project, which includes structure steel, equipment and piping erection / insulation work; EPC Main Work for CFP Crude Oil Tank project, which includes CS pipe fabrication and installation, pipe support and blasting & painting; Project Harmony, which includes structure steel installation, equipment installation, AG & UG pipe fabrication and installation, blasting and painting, underground tape wrapping for buried valve; TH1801, which provides piping work, equipment work and temporary facilities, and Ambatovy project, which has two major location which are mine site and plant site. Its Ambatovy Nickel Project (The Project) is located in Madagascar.