Fortune Parts Industry Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 08:59 am EDT
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Fortune Parts Industry Public Company Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 650.87 million compared to THB 643.43 million a year ago. Revenue was THB 658.22 million compared to THB 653.07 million a year ago. Net income was THB 102.86 million compared to THB 101.79 million a year ago. Basic earnings per share from continuing operations was THB 0.068 compared to THB 0.069 a year ago.
For the six months, sales was THB 1,156.49 million compared to THB 1,221.5 million a year ago. Revenue was THB 1,170.69 million compared to THB 1,239.77 million a year ago. Net income was THB 159.43 million compared to THB 206.96 million a year ago. Basic earnings per share from continuing operations was THB 0.105 compared to THB 0.14 a year ago.
Fortune Parts Industry Public Company Limited is a Thailand-based company that provides one stop service for automotive manufacturing services. The Company's segments include domestic sales, export sales and services. It is engaged in the manufacturing of plastic automotive parts and a center for distribution for both original equipment manufacturer (OEM) and replacement equipment parts. Its replacement equipment manufacturing products include grille and head light door, bumper and valance panel, auto lamps and other accessories, such as spoilers and skirt set, among others. Its OEM products include front bumper guard, over fender, side cladding, head lamp cover, tail lamp cover, mirror cover, electrical parts, and other accessories such as spoilers and skirt set, among others. It is also engaged in trading of automotive replacement parts. Its services include plastic injection molding, chrome plating, designing, three-dimension printing, molding and fortune parts in sustainability.