Pioneer Motor Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 06:06 am EDT
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Pioneer Motor Public Company Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was THB 309.27 million compared to THB 235.16 million a year ago. Net income was THB 30.58 million compared to THB 24.51 million a year ago. Basic earnings per share from continuing operations was THB 0.048 compared to THB 0.04 a year ago. Diluted earnings per share from continuing operations was THB 0.043 compared to THB 0.035 a year ago.
For the six months, sales was THB 649.72 million compared to THB 449.91 million a year ago. Net income was THB 63.25 million compared to THB 44.46 million a year ago. Basic earnings per share from continuing operations was THB 0.1 compared to THB 0.072 a year ago. Diluted earnings per share from continuing operations was THB 0.089 compared to THB 0.063 a year ago.
Pioneer Motor Public Company Limited is a Thailand-based company. The Company is engaged in the business of manufacturing and distributing air-conditioning electric motors, industrial motors, dewatering, centrifugal pumps, motors for pools and spas and motor home pumps. The operations of the Company involve the single industry segment of manufacturing and distributing electric motors categorized by motor product groups, including air conditioner electric motors, induction motors, and pumps, dewatering, centrifugal pumps, motors for pools and spas, and motor home pumps. Its manufacturing plant is situated in Nakornchaisri. The Companyâs wholly owned subsidiary is VSM (Thailand) Co., Ltd.