Sunsweet Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:46 pm EST
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Sunsweet 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 1,013.84 million compared to THB 820.26 million a year ago. Net income was THB 84.1 million compared to THB 32.22 million a year ago. Basic earnings per share from continuing operations was THB 0.13 compared to THB 0.05 a year ago.
For the nine months, sales was THB 2,852.63 million compared to THB 2,413.52 million a year ago. Net income was THB 239.5 million compared to THB 88.53 million a year ago. Basic earnings per share from continuing operations was THB 0.37 compared to THB 0.14 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.