UAC announces quarterly earnings
UAC Global has reported its operating results for the third quarter in 2017, with total revenue of Bt417.11 million and net profit of Bt16.16 million.
Chatchaphol Prasopchoke, president of UAC Global Plc, said that the operating results of the quarter ending September 30, 2017, including revenue from sales and services, of Bt417.11 million, was an increase of 40.18 per cent on the same period last year, when total revenue was Bt297.56 million.
The net profit, at Bt16.16 million, showed an increase of 142.91 per cent. The the EBITDA for the third quarter, at Bt62.27 million, increased by 900.26 per cent.
For the first nine months of 2017, the company reported total revenue of Bt1.17 billion, an increase of 22.78 per cent, and net profit of Bt80.94 million.
The revenue increased by Bt218.73 million came from all groups of the business, leading to a gross profit margin of Bt73.54 million, up 35.01 per cent from the same period of the previous year.
The decrease of Bt28.43 million on other revenues were mainly caused by the loss of BBF due to a decline in palm oil prices leading to a decrease in distribution prices and inventory loss.
It represented a loss of Bt2.12 million compared to the profit record of Bt32.91 million of the previous year.
He added that the company would continue with its existing business development plan and continue to study new investments, as well as to expand its market to countries in the CLMV (Cambodia, Laos, Myanmar, Vietnam) region due to their being under development and in need of the chemical products.
The company is confident that its operating results will reach its growth target. The investment budget for business expansion over the next three years to 2020 is Bt4 billion, accounting for an average investment of Bt1 billion per year.
