Thantawan Industry Public Company Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 10, 2016 at 12:42 pm EST
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Thantawan Industry Public Company Limited reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported sales of THB 748,701,000 against THB 609,942,000 reported last year. Profit before income tax expenses was THB 120,496,000 against THB 73,662,000 reported last year. Profit for the period was THB 96,245,000 or THB 12.03 basic per share against THB 58,925,000 or THB 7.37 basic per share reported last year. Net profit was mainly due from an increase in sales revenue both Export & Domestic as well as lower raw materials cost and cost reduction effectiveness.
For the nine months, the company reported sales of THB 1,993,857,000 against THB 1,704,587,000 reported last year. Profit before income tax expenses was THB 300,170,000 against THB 225,113,000 reported last year. Profit for the period was THB 239,606,000 or THB 29.95 basic per share against THB 179,763,000 or THB 22.47 basic per share reported last year. Net cash provided operating activities was THB 214,693,000 against THB 146,738,000 reported last year. Cash payments for purchases of fixed assets were THB 44,921,000 against THB 60,257,000 reported last year. Cash payments for purchases of intangible assets were THB 1,463,000 against THB 3,306,000 reported last year. Book value per share was THB 157.44 against THB 130.97 reported last year.
Thantawan Industry Public Company Limited is a Thailand-based company, which is principally engaged in the manufacture and sales of plastic products, such as drinking straws and general plastic bags. The Company has three main production lines: low-density polyethylene (LDPE), high-density polyethylene (HDPE) and polypropylene (PP). LDPE products include zip bags (auto-opened-closed), modified atmosphere packaging products for vegetables and fruit, and some types of garbage bags. HDPE products include garbage bags and food bags. PP products include beverage straws, spoon tubes and other similar products. The Companyâs brands include SUN PRODUCTS, Kitchen Neat, Fresh & Fresh, and Zip Solution. Kitchen Neat provides full range of household retail packs, such as re-closable bags, drinking straws, glove, garbage bags and breast milk storage zip-bags. Fresh & Fresh is active packaging or a type of modified atmosphere packaging (MAP).
THANTAWAN INDUSTRY 
