Post by habibkhan15 on Feb 20, 2024 5:54:08 GMT 1
Tata Steel shows continuous profit growth Result of rising steel prices Among the surrounding risk factors Mr. Rajiv Mangal, Managing Director of Tata Steel (Thailand) Public Company Limited, said that the company's operating results For the first quarter of fiscal year 2023 (April-June 2022), product sales volume was 308,000 tons, a decrease of 10 percent and 11 percent compared to the previous quarter and the same quarter of the previous year, respectively. Sales revenue was 8,726 million baht, profit before tax was 584 million baht, compared to profit of 242 million baht in the previous quarter. Energy and food prices skyrocket. supply disruptions caused by the protracted conflict between Russia and Ukraine; recovery The identity of the Covid case in China And a drive by central banks around the world to raise interest rates from rock bottom levels has slowed. growing around the world High inflation is considered is the main threat to the recovery of the Thai economy.
Especially before the recovery of Stronger tourism The baht weakened Hong Kong Phone Number in line with other Asian currencies. messageImage_remained low. Sales volume of The company's volume for the quarter was 308,000 tons. Sales revenue was 8,726 million baht. The company's inventory increased by 903 million baht compared to March 2022, mainly from imports of steel billets and Scrap in terms of storage period is 54 days at the end of June 2022 compared to 45 days at the end of March 2022. Product sales volume in this quarter was 308,000 tons, decreased by 10 percent and 11 percent compared to the previous quarter and quarter. the same period of the previous year, respectively, due to sluggish domestic demand. Customers choose to wait and see the situation due to raw material prices.
began to weaken, however, the volume of product exports increased due to increased exports of rebar. 1660837429399_copy_1024x1024 1660975190637 Revenue from sales and related services increased by 100%. 11compared to the same quarter of the previous year, which reflects product prices. higher, consistent with increased metal prices and other production costs. “The important factor comes from the increase in product prices. Including better export performance especially the export of steel bars Meanwhile, domestic demand remains sluggish. Customers choose to wait and see the situation as raw material prices begin to weaken. Including the prices of energy and food have increased. The protracted conflict between Russia and Ukraine.”
Especially before the recovery of Stronger tourism The baht weakened Hong Kong Phone Number in line with other Asian currencies. messageImage_remained low. Sales volume of The company's volume for the quarter was 308,000 tons. Sales revenue was 8,726 million baht. The company's inventory increased by 903 million baht compared to March 2022, mainly from imports of steel billets and Scrap in terms of storage period is 54 days at the end of June 2022 compared to 45 days at the end of March 2022. Product sales volume in this quarter was 308,000 tons, decreased by 10 percent and 11 percent compared to the previous quarter and quarter. the same period of the previous year, respectively, due to sluggish domestic demand. Customers choose to wait and see the situation due to raw material prices.
began to weaken, however, the volume of product exports increased due to increased exports of rebar. 1660837429399_copy_1024x1024 1660975190637 Revenue from sales and related services increased by 100%. 11compared to the same quarter of the previous year, which reflects product prices. higher, consistent with increased metal prices and other production costs. “The important factor comes from the increase in product prices. Including better export performance especially the export of steel bars Meanwhile, domestic demand remains sluggish. Customers choose to wait and see the situation as raw material prices begin to weaken. Including the prices of energy and food have increased. The protracted conflict between Russia and Ukraine.”