The Steel Public Company Limited Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2016
May 16, 2016 at 04:14 am EDT
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The Steel Public Company Limited announced unaudited consolidated and parent earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, the company reported revenue from sales and services of THB 4,457,956,000 compared with THB 3,677,427,000 for the same period a year ago. Profit before income tax was THB 309,915,000 compared with loss before income tax of THB 70,678,000 for the same period a year ago. Profit attributable to shareholders of the company was THB 293,417,000 compared with loss attributable to shareholders of the company THB 96,383,000 for the same period a year ago. Basic earnings per share was THB 0.53 compared with basic loss per share of THB 0.24 for the same period a year ago. Net cash used in operating activities was THB 79,608,000 compared with net cash provided by operating activities of THB 196,540,000 for the same period a year ago. Cash paid for purchase of fixed assets was THB 88,211,000 compared with THB 1,002,000 for the same period a year ago. Cash paid for purchase of intangible assets was THB 572,000.
For the quarter, on parent basis, the company reported revenue from sales and services of THB 3,991,623,000 compared with THB 3,118,946,000 for the same period a year ago. Profit before income tax was THB 264,455,000 compared with loss before income tax of THB 151,494,000 for the same period a year ago. Profit for the period was THB 254,055,000 compared with loss for the period of THB 144,806,000 for the same period a year ago. Basic earnings per share was THB 0.46 compared with basic loss per share of THB 0.36 for the same period a year ago. Net cash used in operating activities was THB 59,218,000 compared with THB 136,835,000 for the same period a year ago. Cash paid for purchase of fixed assets was THB 16,305,000 compared with THB 285,000 a year ago. Cash paid for purchase of intangible assets was THB 572,000.
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.