Global Connections Public Company Limited Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 07, 2018 at 05:18 am EST
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Global Connections Public Company Limited announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced sales was THB 923.653 million compared to THB 863.229 million a year ago. Total revenue was THB 927.143 million compared to THB 866.029 million a year ago. Operating income was THB 31.542 million compared to THB 29.772 million a year ago. Net income was THB 22.371 million compared to THB 21.158 million a year ago. Basic earnings per share was THB 0.11 compared to THB 0.11 a year ago.
For the nine months, sales was THB 2,810.709 million compared to THB 2,883.957 million a year ago. Total revenue was THB 2,819.407 million compared to THB 2,893.574 million a year ago. Operating income was THB 96.861 million compared to THB 88.110 million a year ago. Net income was THB 66.216 million compared to THB 61.933 million a year ago. Basic earnings per share was THB 0.33 compared to THB 0.31 a year ago.
Global Connections Public Company Limited is a Thailand-based distributor of plastics and petrochemical raw materials. The Company is principally engaged in the wholesale of plastic and plastic-related products. The Company distributes agent of approximately 30 companies. Its suppliers include PTT Global Chemical PLC. (PTTGC), a subsidiary of PTT Global Chemical, which is engaged in energy and petrochemical businesses in Thailand and Asia; ExxonMobil Chemical; DuPont Performance Polymers; Siam Polystyrene Co., Ltd; Chi Mei Corporation and other. It provides solutions and technical support to its customers and end-users in various industries, such as automotive, industrial, consumer products and other. For suppliers, it provides knowledge of local markets and future trends. Its products include Asia Polymer, Biosurfactant Chemical, Cabot, Celanese, Chevron, Chevron Phillips, Chimei, Denka, Dupont, Eastman, Exxonmobil, Fujichemical and other.