Global Connections Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 12:55 am EST
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Global Connections Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was THB 1,209.94 million compared to THB 1,283.21 million a year ago. Revenue was THB 1,212.51 million compared to THB 1,286.97 million a year ago. Net income was THB 41.88 million compared to THB 25.24 million a year ago. Basic earnings per share from continuing operations was THB 0.1 compared to THB 0.06 a year ago.
For the nine months, sales was THB 3,814.79 million compared to THB 4,313.95 million a year ago. Revenue was THB 3,821.23 million compared to THB 4,322.8 million a year ago. Net income was THB 150.55 million compared to THB 133.35 million a year ago. Basic earnings per share from continuing operations was THB 0.34 compared to THB 0.3 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.