Sunsweet Public Company Limited Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 05, 2019
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Sunsweet Public Company Limited announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was THB 439.539 million compared to THB 472.370 million a year ago. Net loss was THB 42.316 million compared to net income of THB 21.063 million a year ago. Basic loss per share was THB 0.1 compared to basic earnings per share of THB 0.05 a year ago. For the half year, sales was THB 875.350 million compared to THB 899.308 million a year ago. Net loss was THB 33.681 million compared to net income of THB 26.319 million a year ago. Basic loss per share was THB 0.08 compared to basic earnings per share of THB 0.06 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.