The Steel Public Company Limited Reports Audited Consolidated and Separate Company Earnings Results for the Year Ended December 31, 2016
February 28, 2017 at 12:01 pm EST
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The Steel Public Company Limited reported audited consolidated and separate company earnings results for the year ended December 31, 2016. For the year, on consolidated basis, revenue from sales and services was THB 15,798,647,665.60 against THB 13,957,302,154.85 a year ago. Profit before income tax was THB 600,019,681.59 against loss before income tax of THB 736,550,442.34 a year ago. Profit attributable to the parent company was THB 545,291,484.50 against loss attributable to the parent company of THB 740,339,443.35 a year ago. Basic earnings per share were THB 0.99 against basic loss per share of THB 1.76 a year ago. Net cash used in operating activities was THB 97,958,114.09 against THB 56,601,434.29 a year ago. Cash paid for purchase of fixed assets was THB 69,131,702.46 against THB 394,902,497.44 a year ago. Cash paid for purchase of intangible assets was THB 571,500.00 against THB 663,000.00 a year ago.
For the year, on separate company basis, revenue from sales and services was THB 13,369,773,792.63 against THB 11,620,655,683.37 was THB a year ago. Loss before income tax was THB 530,687,531.37 against profit before income tax was of THB 90860,202,892.73 a year ago. Profit for the year was THB 41,027.38 against THB 3,399,028 a year ago. Basic earnings per share were THB 0.88 against basic loss per share of THB 2.02 a year ago. Net cash used in operating activities was THB 142,702,242.37 against THB 389,473,460.39 a year ago. Cash paid for purchase of fixed assets was THB 41,245,274.61 against THB 356,718,235.20 a year ago. Cash paid for purchase of intangible assets was THB 571,500.00 against THB 663,000.00 a year ago.
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.