Pioneer Motor Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:41 am EDT
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Pioneer Motor 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 247.3 million compared to THB 309.27 million a year ago. Net income was THB 17.9 million compared to THB 30.58 million a year ago. Basic earnings per share from continuing operations was THB 0.025 compared to THB 0.048 a year ago. Diluted earnings per share from continuing operations was THB 0.025 compared to THB 0.043 a year ago.
For the six months, sales was THB 500.19 million compared to THB 649.72 million a year ago. Net income was THB 32.72 million compared to THB 63.25 million a year ago. Basic earnings per share from continuing operations was THB 0.047 compared to THB 0.1 a year ago. Diluted earnings per share from continuing operations was THB 0.047 compared to THB 0.089 a year ago.
Pioneer Motor Public Company Limited is a Thailand-based company. The Company is engaged in the business of manufacturing and distributing air-conditioning electric motors, industrial motors, dewatering, centrifugal pumps, motors for pools and spas and motor home pumps. The operations of the Company involve the single industry segment of manufacturing and distributing electric motors categorized by motor product groups, including air conditioner electric motors, induction motors, and pumps, dewatering, centrifugal pumps, motors for pools and spas, and motor home pumps. Its manufacturing plant is situated in Nakornchaisri. The Companyâs wholly owned subsidiary is VSM (Thailand) Co., Ltd.