Vanachai Group Public Co. Ltd. Reports Consolidated and Separate Earnings Results for the First Quarter Ended March 31, 2018
May 14, 2018 at 08:46 pm EDT
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Vanachai Group Public Co. Ltd. reported consolidated and separate earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, the company reported revenue from sales of THB 2,301,191,000 compared to THB 2,680,883,000 a year ago. Loss before income tax was THB 176,313,000 compared to profit of THB 294,066,000 a year ago. Loss attributable to shareholders of the company was of THB 176,271,000 or THB 0.11 per basic share compared to profit of THB 264,779,000 or THB 0.17 per basic share a year ago. Net cash received from operating activities was of THB 17,070,000 compared to net cash used in operating activities of THB 77,565,000 a year ago. Cash paid for purchase of property, plant and equipment was of THB 403,203,000 compared to THB 281,378,000 a year ago. Cash paid for purchase of intangible assets were of THB 4,000 compared to THB 587,000 a year ago.
On Separate basis, the company reported revenue from sales of THB 1,149,458 million compared to THB 1,321,050 million a year ago. Profit before income tax was THB 96,470,000 compared to THB 168,106,000 a year ago. Profit was of THB 97,129,000 or THB 0.06 per basic share compared to THB 158,154,000 or THB 0.10 per basic share a year ago. Net cash used in operating activities was THB 51,047,000 compared to THB 143,354,000 a year ago. Cash paid for purchase of property, plant and equipment was of THB 28,987,000 compared to THB 49,788,000 a year ago.
Vanachai Group Public Company Limited is a Thailand-based company, which is engaged in the production and distribution of wood plates, medium-density fiberboards (MDF) boards, Particle boards, Doorskin and Malamine on wood plates. The Company operates through four segments: MDF board, particle board and door skin, Glue, Melamine impregnated paper, and Other. The Company's products include medium-density fiberboards (MDF), particle boards, molded door skin, high-density (HDF) fiberboards and laminated flooring, resins, impregnated paper, as well as urea-formaldehyde adhesive, which is used to add permanent-press qualities to wood fiber. The Companyâs subsidiaries include Particle Planner Co., Ltd., Vanachai Chemical Industries Co., Ltd., Vanachai Panel Industries Co., Ltd., Woodtek International Co., Ltd., Vanachai Energy Industries Co., Ltd., Vanachai Woodsmith Co., Ltd., Vanachai Logistics Co., Ltd., Vanachai Logistics Enterprise Co., Ltd., and PV Wood Co., Ltd.