TPI Polene Public Company Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 06:57 am EST
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TPI Polene Public Company Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was THB 1,625.288 million compared to THB 1,250.025 million a year ago. Net income was THB 665.175 million compared to THB 389.378 million a year ago. Basic earnings per share from continuing operations was THB 0.035 compared to THB 0.02 a year ago. For the nine months, operating income was THB 4,367.195 million compared to THB 3,558.813 million a year ago. Net income was THB 1,731.323 million compared to THB 1,134.049 million a year ago. Basic earnings per share from continuing operations was THB 0.091 compared to THB 0.059 a year ago.
TPI Polene Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distributing of cement products and mortar cement under the brand name TPIPL. The Company operates through four segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The Company operates in three industries and has 18 distribution terminals around the country. It operates in the cement industry at Kang-Khoi, Saraburi, and has eight plants consisting of four cement manufacturing plants and four dry mortar manufacturing plants. It operates in the construction materials industry at Amphur Chalermprakiet, Saraburi and has cement roof tiles and fiber cement board manufacturing plants. It operates in the plastic industry at Amphur Muang, Rayong and has two low-density polyethylene (LDPE) and ethylene-vinyl acetate (EVA) plastic manufacturing plants. Its subsidiaries include Key management personnel, Pornchai Enterprise Co., Ltd., and more.