2S Metal Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:25 am
Share
2S Metal Public Company Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 1,494.19 million compared to THB 1,596.35 million a year ago. Revenue was THB 1,523.72 million compared to THB 1,637.81 million a year ago. Net income was THB 25.09 million compared to net loss of THB 53.11 million a year ago.
For the six months, sales was THB 3,334.67 million compared to THB 3,420.39 million a year ago. Revenue was THB 3,405.1 million compared to THB 3,498.4 million a year ago. Net income was THB 108.5 million compared to net loss of THB 3.99 million a year ago. Basic earnings per share from continuing operations was THB 0.197.
2S Metal Public Company Limited is a Thailand-based company, which is engaged in the production of steel pipes, steel plates, light lip channel and steel wire mesh, and trading of steel products. The Company also offers angle bars, galvanized pipe, plumbing, safety equipment, wire mesh and others. The Company has three warehouses located in Nakhon Ratchasima, Bangkok and Suratthani Provinces. The Company has three subsidiaries: Neastern Steel Co., Ltd., Mega Trans and Logis Co., Ltd. and Grand Steel Pipe Industry Co., Ltd. Neastern Steel Co., Ltd. is engaged in the production of steel pipes, steel plates, light lip channels and steel wire mesh. Mega Trans and Logis Co., Ltd. is engaged in providing transportation services. Grand Steel Pipe Industry Co., Ltd. is engaged in the production of steel pipes, steel plates and light lip channel, and trading of steel products. The Company has two segments: trading (including raw materials), and manufacturing and distribution of steel products.
2S METAL 
