Union Petrochemical Public Company Limited announced unaudited consolidated and separate earnings results for the first quarter ended March 31, 2017. For the quarter, on consolidated basis, the company reported profit attributable to equity holders of the company of THB 42,595,000 or THB 0.052 basic per share against THB 19,229,000 or THB 0.023 basic per share a year ago. Total revenues were THB 797,816,000 against THB 723,474,000 a year ago. Profit before finance cost and income tax expenses was THB 78,534,000 against THB 38,086,000 a year ago. Profit before income tax expenses was THB 76,090,000 against THB 35,488,000 a year ago. Net cash flows from operating activities were THB 24,035,000 against THB 37,237,000 a year ago. Acquisition of land and equipment was THB 70,764,000 against THB 1,118,000 a year ago. Sales were THB 791,498,000 against THB 721,967,000 a year ago. The increase in sales was due to business expansion following the recovery of domestic economy.

For the quarter, on separate basis, the company reported profit attributable to equity holders of the company of THB 67,260,000 or THB 0.082 basic per share against THB 5,644,000 or THB 0.007 basic per share a year ago. Total revenues were THB 660,556,000 against THB 487,252,000 a year ago. Profit before finance cost and income tax expenses was THB 86,699,000 against THB 8,392,000 a year ago. Profit before income tax expenses was THB 85,233,000 against THB 7,307,000 a year ago. Net cash flows from operating activities were THB 13,550,000 against THB 5,569,000 a year ago. Acquisition of land and equipment was THB 3,840,000 against THB 489,000 a year ago. Sales were THB 618,274,000 against THB 486,541,000 a year ago.

On consolidated basis, the company reported impairment loss on assets of THB 728,000 for the first quarter ended March 31, 2017.

On separate basis, the company reported impairment loss on assets of THB 728,000 for the first quarter ended March 31, 2017.