Fortune Parts Industry Public Company Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 07:18 am EST
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Fortune Parts Industry Public Company Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was THB 466.748 million compared to THB 540.832 million a year ago. Operating income was THB 43.205 million compared to THB 70.261 million a year ago. Net income was THB 29.008 million compared to THB 52.292 million a year ago. Basic earnings per share from continuing operations was THB 0.02 compared to THB 0.035 a year ago. For the nine months, total revenue was THB 1,354.669 million compared to THB 1,537.834 million a year ago. Operating income was THB 48.030 million compared to THB 183.483 million a year ago. Net loss was THB 8.097 million compared to net income of THB 139.946 million a year ago. Basic loss per share from continuing operations was THB 0.005 compared to basic earnings per share from continuing operations of THB 0.094 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.