AAPICO Hitech Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 06:00 am EST
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AAPICO Hitech Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was THB 7,624.02 million compared to THB 7,299.8 million a year ago. Revenue was THB 7,792.04 million compared to THB 7,550 million a year ago. Net income was THB 500.96 million compared to THB 600.68 million a year ago. Basic earnings per share from continuing operations was THB 1.41 compared to THB 1.69 a year ago.
For the nine months, sales was THB 22,902.53 million compared to THB 20,175.12 million a year ago. Revenue was THB 23,307.93 million compared to THB 20,707.09 million a year ago. Net income was THB 1,472.76 million compared to THB 1,412.94 million a year ago. Basic earnings per share from continuing operations was THB 4.15 compared to THB 3.98 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 
