Thai Plaspac Public Company Limited announced unaudited earnings results for the first quarter ended March 31, 2017. For the first quarter, the company's total revenues were THB 394,772,000 against THB 382,602,000 a year ago. Profit before finance cost and income tax expenses was THB 26,213,000 against THB 33,587,000 a year ago. Profit before income tax expenses was THB 26,082,000 against THB 31,955,000 a year ago. Net profit was THB 23,277,000 against THB 25,974,000 a year ago. Diluted EPS were THB 0.09 per diluted share against THB 0.11 per diluted share a year ago. Net cash flows from operating activities was THB 48,349,000 against net cash flows used in operating activities of THB 24,620,000 a year ago. Acquisition of machinery and equipment was THB 13,437,000 against THB 1,472,000 a year ago. EBITDA was THB 59,200,000 against THB 65,200,000 a year ago.

For the second quarter, the company expects margins normalize as the actual raw material prices of first quarter 2017 are passed through to the customers in line with first quarter lag pricing mechanism.