Sunsweet Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 07:13 pm EDT
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Sunsweet 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 935.27 million compared to THB 893.37 million a year ago. Net income was THB 60.64 million compared to THB 25.94 million a year ago. Basic earnings per share from continuing operations was THB 0.09 compared to THB 0.04 a year ago.
For the six months, sales was THB 1,838.79 million compared to THB 1,593.26 million a year ago. Net income was THB 155.39 million compared to THB 56.31 million a year ago. Basic earnings per share from continuing operations was THB 0.24 compared to THB 0.09 a year ago.
Sunsweet Public Company Limited is a Thailand-based company focused on manufacturing and distributing agricultural products, including fresh and processed fruits and vegetables. The company manufactures and distributes processed sweet corn and other agricultural products under the brand KC. The Companyâs segments include Sales of goods in the domestic segment and Export of goods to overseas segment. The Companyâs product portfolio includes Canned Sweet Corn, Boiled Tiger Peanut, Whole Grains, Sweet Corn, Double Sweet Corn, Grilled Orange Sweet Potato, Grilled Puple Sweet Potato, Frozen Corn Cob, and Frozen Cut Corn, among others. The Company, through its subsidiary, Sunsweet International Co., Ltd., engages in sourcing and selling food and agricultural products to support domestic and foreign customers, such as fresh onion, tapioca starch, canned pineapple, corn oil, sunflower oil, and ketchup. The subsidiary is focused on selling consumable products through vending machines.