Pioneer Motor Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 05:04 am EST
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Pioneer Motor Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 292.37 million compared to THB 251.56 million a year ago. Net income was THB 28.89 million compared to THB 30.64 million a year ago. Basic earnings per share from continuing operations was THB 0.044 compared to THB 0.05 a year ago. Diluted earnings per share from continuing operations was THB 0.04 compared to THB 0.043 a year ago.
For the nine months, sales was THB 942.1 million compared to THB 701.47 million a year ago. Net income was THB 92.14 million compared to THB 75.09 million a year ago. Basic earnings per share from continuing operations was THB 0.144 compared to THB 0.122 a year ago. Diluted earnings per share from continuing operations was THB 0.131 compared to THB 0.106 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.
PIONEER MOTOR 