Kang Yong Electric Public Company Limited announced unaudited equity method and company earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on equity method basis, the company reported net profit of THB 274,506,000 or THB 12.48 per share compared to THB 156,806,000 or THB 7.13 per share a year ago. The company recorded revenues from sales of goods and rendering of services of THB 1,855.2 million, up by THB 119.5 million or 6.9% due to growth of 61.7% in other export markets as driven by market expansion to Vietnam and Indonesia. The company posted pre-tax profit of THB 289.5 million, representing 15.6% of revenue from sales of goods and rendering services.

For the nine months, on equity method basis, the company reported net profit of THB 742,811,000 or THB 33.76 per share compared to THB 495,980,000 or THB 22.54 per share a year ago. The company recorded revenues from sales of goods and rendering of services increased by THB 240.5 million or 3.8% to THB 6,548.9 million, contributed by growth of 3.0% and 11.3% in exports to Japan and in other export markets respectively. The company posted pre-tax profit of THB 814.2 million, representing 12.4% of revenue from sales of goods and rendering services. Net cash from operating activities was THB 279,982,000 compared to net cash used in operating activities of THB 18,640,000 a year ago. Purchases of property and equipment were THB 271,942,000 compared to THB 252,639,000 a year ago. Purchase of computer software was THB 3,949,000 compared to THB 1,787,000 a year ago.

For the quarter, on company basis, the company reported net profit of THB 273,862,000 or THB 12.45 per share compared to THB 157,716,000 or THB 7.17 per share a year ago. Profit before income tax expenses was THB 288,878,000 compared to THB 156,426,000 a year ago. Revenue from sale of goods and rendering services was THB 1,855,199,000 compared to THB 1,735,688,000 a year ago.

For the nine months, on company basis, the company reported net profit of THB 741,589,000 or THB 33.71 per share compared to THB 496,972,000 or THB 22.59 per share a year ago. Net cash from operating activities was THB 279,982,000 compared to net cash used in operating activities of THB 18,640,000 a year ago. Purchases of property and equipment were THB 271,942,000 compared to THB 252,639,000 a year ago. Revenue from sale of goods and rendering services was THB 6,584,905,000 compared to THB 6,344,366,000 a year ago. Profit before income tax expenses was THB 812,942,000 compared to THB 551,271,000 a year ago. Purchase of computer software was THB 3,949,000 compared to THB 1,787,000 a year ago.