Polyplex Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 06:03 am EST
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Polyplex (Thailand) Public Company Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was THB 5,105.77 million compared to THB 7,384.19 million a year ago. Revenue was THB 5,153.07 million compared to THB 7,715.38 million a year ago. Net income was THB 145.83 million compared to THB 917.05 million a year ago. Basic earnings per share from continuing operations was THB 0.162 compared to THB 1.019 a year ago.
For the six months, sales was THB 10,103.72 million compared to THB 14,397.64 million a year ago. Revenue was THB 10,116.61 million compared to THB 15,022.38 million a year ago. Net income was THB 57.98 million compared to THB 2,070.27 million a year ago. Basic earnings per share from continuing operations was THB 0.064 compared to THB 2.3 a year ago.
Polyplex (Thailand) Public Company Limited is a Thailand-based manufacturer and distributor of polyester films, metallized films, extrusion coated films, cast polypropylene films, silicone coated films, blown films, holographic films and PET resins. The Company's products categories include Sarafil, Saracote and Saralam. Sarafil products include BOPET, BOPP, CPP, BLOWN PP and sustainable films. Saracote products range of silicone coated films (PET/PP) is designed to provide carrier to pressure sensitive material. The Saralam range of extrusion coated film products cater to a variety of end use such as thermal lamination products like book covers, identity cards, carton lamination and wide format commercial films, among others. The Company has manufacturing & distribution operations in several countries, such as India, Thailand, Turkey, United States of America, Indonesia, China and Netherlands.