City Steel Public Company Limited Announces Audited Consolidated and Company Earnings Results for the Year Ended 31 July 2018
October 30, 2018 at 09:22 pm EDT
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City Steel Public Company Limited reported audited consolidated and company earnings results for the year ended July 31, 2018. For the year, on consolidated basis, total revenues of THB 395,813,172 against THB 389,199,521 a year ago. Profit before income tax income was THB 30,313,504 against THB 57,733,468 a year ago. Profit attributable to equity holder of the parent was THB 30,121,951 or THB 0.10 per share against THB 56,778,782 or THB 0.19 per share a year ago. Net cash from operating activities was THB 69,072,378 against THB 110,682,054 a year ago. Cash paid for purchases of fixed assets were THB 8,419,813 against THB 1,449,000 a year ago. The increase in total Revenue was due to a recovery of investment from industrial sectors that lead to an increase in demands from customers as well as a reduction in gross profit margin and selling prices that also helped stimulating sale volumes.
For the year, on company basis, total revenues of THB 40,410,858 against THB 198,007,667 a year ago. Profit before income tax income was THB 24,884,612 against THB 178,356,590 a year ago. Profit attributable to equity holders of the parent was THB 24,796,455 or THB 0.08 per share against THB 178,184,064 or THB 0.59 per share a year ago. Net cash used in operating activities was THB 92,221 against THB 51,522 a year ago.
City Steel Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and sale of metal structures, storage system and material handling equipment, and fabricated metal parts, as well as the provision of one-stop metal processing services and the sale of metals. The Company's products and services consist of steel service center and steel processing, such as laser cutting, hydraulic turret punch press, hydraulic swing beam shear, hydraulic press break and others; metal trade, such as wide flanges, channels, round bars, square bars, flat bars, furniture steel pipes, stainless steel pipes and zinc sheets, and storage system and material handling equipment, such as racking system, modular system, mezzanine platform, pallets, mobile shelving system, cabinets and lockers. Its subsidiaries include Siam ISO Pro Co., Ltd. and Mark Worldwide Co., Ltd.