AAPICO Hitech Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 06:54 am EDT
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AAPICO Hitech 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 7,152.63 million compared to THB 6,145.03 million a year ago. Revenue was THB 7,354.05 million compared to THB 6,345.31 million a year ago. Net income was THB 409.99 million compared to THB 409.8 million a year ago. Basic earnings per share from continuing operations was THB 1.16 compared to THB 1.15 a year ago.
For the six months, sales was THB 15,278.51 million compared to THB 12,875.32 million a year ago. Revenue was THB 15,515.89 million compared to THB 13,157.08 million a year ago. Net income was THB 971.8 million compared to THB 812.26 million a year ago. Basic earnings per share from continuing operations was THB 2.74 compared to THB 2.29 a year ago.
AAPICO Hitech Public Company Limited is a Thailand-based company. The Company is principally engaged in the manufacture and distribution of automobile parts, dies, and jigs. The Companyâs segments include the manufacture of auto parts segment, sales of automobiles and provision of automobile repair services segment, and other segments that represent the manufacture and sales of car navigation systems and services relating to technology. The Company is focused on manufacturing OEM automotive parts, including floor parts, cross members, pillars, brackets, clips, and fuel tanks, for leading automobile assemblers in Thailand. The Company is focused on the OEM auto parts manufacturing business, the car dealership business, and the Internet of Things (IoT) connectivity and mobility business. Its subsidiaries include AAPICO Amata Company Limited, New Era Sales Company Limited, Able Motors Company Limited, AAPICO Hitech Parts Company Limited, and AAPICO Hitech Tooling Company Limited.
AAPICO HITECH 
