2S Metal Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 08:20 pm EST
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2S Metal Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 1,605.84 million compared to THB 1,502.01 million a year ago. Revenue was THB 1,644.99 million compared to THB 1,545.42 million a year ago. Net loss was THB 134.74 million compared to net income of THB 164.53 million a year ago.
For the nine months, sales was THB 5,026.23 million compared to THB 4,749.71 million a year ago. Revenue was THB 5,143.39 million compared to THB 4,872.9 million a year ago. Net loss was THB 138.73 million compared to net income of THB 687.39 million 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.
2S METAL 