Vanachai Group Public Company Limited Announces Unaudited Consolidated and Separate Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 12, 2018 at 07:36 pm EST
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Vanachai Group Public Company Limited announced unaudited consolidated and separate company earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, on consolidated basis, the company announced sales was THB 2,880.236 million compared to THB 3,283.067 million a year ago. Net loss was THB 54.256 million compared to net income of THB 306.381 million a year ago. Basic loss per share was THB 0.03 compared to basic earnings per share of THB 0.2 a year ago. Loss before income tax was THB 45.831 million against profit of THB 341.357 million a year ago.
For the nine months, on consolidated basis, sales were THB 7,971.781 million compared to THB 9,165.282 million a year ago. Net loss was THB 218.179 million compared to net income of THB 870.223 million a year ago. Basic loss per share was THB 0.14 compared to basic earnings per share of THB 0.56 a year ago. Loss before income tax was THB 208.176 million against profit of THB 958.121 million a year ago.
For the quarter, on separate company basis, net profit was THB 44.589 million compared to THB 293.406 million a year ago. Basic earnings per share was THB 0.03 compared to THB 0.19 a year ago. Profit before income tax was THB 45.418 million against THB 303.379 million a year ago. Revenue from sales was THB 1,177.669 million against THB 1,265.587 million a year ago.
For the nine months, on separate company basis, net profit was THB 435.004 million compared to THB 1,056.748 million a year ago. Basic earnings per share was THB 0.28 compared to THB 0.67 a year ago. Profit before income tax was THB 434.954 million against THB 1,083.938 million a year ago. Revenue from sales was THB 3,402.374 million against THB 3,821.828 million 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.
Vanachai Group Public Company Limited Announces Unaudited Consolidated and Separate Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018