Pioneer Motor Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:05 am EST
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Pioneer Motor 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 225.15 million compared to THB 292.37 million a year ago. Net income was THB 21.54 million compared to THB 28.89 million a year ago. Basic earnings per share from continuing operations was THB 0.028 compared to THB 0.044 a year ago. Diluted earnings per share from continuing operations was THB 0.028 compared to THB 0.04 a year ago.
For the nine months, sales was THB 725.34 million compared to THB 942.1 million a year ago. Net income was THB 54.26 million compared to THB 92.14 million a year ago. Basic earnings per share from continuing operations was THB 0.075 compared to THB 0.144 a year ago. Diluted earnings per share from continuing operations was THB 0.075 compared to THB 0.131 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.
PIONEER MOTOR 
