Thai Yuan Metal Public Company Limited Announces Audited Consolidated and Company Earnings Results for the Fiscal Year Ended December 31, 2013
February 28, 2014 at 03:23 am EST
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Thai Yuan Metal Public Company Limited announced audited consolidated and company earnings results for the fiscal year ended December 31, 2013. For the year, on consolidated basis, the company reported total revenues THB 11,574.10 million compared with THB 14,827.76 million of year 2012, decreasing THB 3,253.66 million or 21.94%. Total revenues decreased mainly due to sale quantities reduced around 14%, and average selling price decreased around 11% due to price fluctuation for the whole year 2013 and lower than year 2012, especially, metal world price in fourth quarter drastically dropped and due to unstable of Thai politic. Net loss attribute to equity holders of company of THB 204.24 million, compared to net profit of THB 7.72 million of 2012, decreasing of net profit THB 211.96 million or 2,745.60%. Loss per share was THB 0.5106 against earnings per share of THB 0.0193.
For the year, on company basis, the company reported net loss of THB 220.167 million, compared to net profit of THB 59.239 million of 2012. Loss per share was THB 0.5504 against earnings per share of THB 0.1481.
The Steel Public Company Limited is a Thailand-based company engaged in providing various types of steel products. The principal activities of the Company and its subsidiaries are selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steels. It operates through two segments: sales of steel and logistics services. The Companyâs products include hot-rolled steel coils, cold-rolled steel coils, galvanized steel coils, lip channel steel, carbon steel square pipe, carbon steel rectangular pipe, carbon steel round pipe, H-Beam, I-Beam, wide flange, steel sheet piles, angle steel bars, channel steel bars, hot rolled steel sheets, checkered plates, cold-rolled steel sheets, hot-dip galvanized steel sheets, round steel bars and deformed steel bars. Its subsidiaries include The Steel Logistics Co., Ltd., The Steel Industries Co., Ltd., and Liberty Steel Siam Co., Ltd.