PDIPDI

  • About Us
    • History
    • Our Vision
    • Our Value
    • Our Logo
    • Group Structure
    • Organization Structure
    • Board of Directors
    • Executives
  • Our Business
    • PDI Energy
    • PDI Hospitality
  • Sustainability
    • CSR Policy
    • Environment
    • Society
    • Corporate Governance
      • Corporate Governance
      • Code of Conduct
      • Anti-Corruption
      • Articles of Association of PDI
  • Investor Relations
    • IR Home
    • Financial Information
      • Key Fact & Figures
      • Financial Statement
    • Shareholder Structure
    • Shareholder Information
      • Minutes of The Shareholders
      • Notice to Shareholders
      • Document for the Extraordinary General Meeting of Shareholders No. 2/2021:
      • Dividend Policy
      • Proposal of Agenda & Nominate Director
      • BEYOND-W2
    • Financial Calendar
    • Report to SET
    • Download
      • Financial Statement
      • Presentation
      • Disclosure of Annual Information Form (56-1)
      • Annual Report and Sustainability Report
      • Amendment to Articles of Association of PDI
      • Publications
  • News & Activity
  • Career
  • Contact
  • TH
  • EN
  • Home
  • News
  • 2007
  • Padaeng reports net profit of Bt 290 million for Q2/2007

Press News

15 August 2007 / Published in 2007, News

Padaeng reports net profit of Bt 290 million for Q2/2007

Padaeng Industry Public Company Limited, the major zinc producer in Southeast Asia announced a consolidated second-quarter net profit of Bt 290 million, equivalent to earnings of Bt 1.28 per share.
In the first half of this year, the company’s consolidated net profit was Bt 603 million or earnings of Bt 2.67 per share.
As in the first quarter, the result was affected by the depressed local market, high cost of imported raw materials and a lower use of ore concentrate from the Mae Sot mine.
The total sales volumes for the first half of the year increased by 3% over the same period of 2006, driven mainly by the increased exports to South East Asia. Local demand picked up slightly from the first quarter but was still 10% lower than the same period in 2006 due to a 16% decrease in demand for pure zinc grade.
The average zinc price over the period remained high, an increase of 29% compared to the same period last year. However, the zinc price in Baht was only 17% higher due to the appreciation of the Baht against the US dollar.
As in the first quarter, the company’s operating performance was affected by low treatment charges and reduced import duty, a low premium for sales of exported metal and high raw material costs.
For the third quarter, the company does not expect that the market conditions will improve significantly. On the other hand, the coverage of the metal exposure on the LME is reducing drastically in the second half of the year, so that the company’s result is likely to derive more benefit from a high zinc price than in the first half. Also, the quality problem that restricted the use of the company?s own concentrates at the smelter in the first semester is now solved.
The company is progressing well with the renewal of its principal mining lease and is striving to meet all the legal requirements as fast as possible. The renewal procedure is a complex process and there remains a risk that the mining lease will not be granted before the current lease expires in October. The Company has no reason to expect a long delay but has nevertheless taken precautionary measures and secured the necessary stocks and supplies to meet the smelter’s production plan well into 2008.
Established on April 10, 1981, Padaeng Industry Public Company Limited is listed on the Stock Exchange of Thailand in the Resources Sector (Mining). The company is the only producer of high quality zinc in South East Asia, with an annual production capacity of 110,000 metric tons of zinc metal and alloy.

  • Tweet

Lastest News

  • BEYOND appoints experienced hotelier and financial professional “Kamonwan Wipulakorn” as new Managing Director

  • PDI’s shareholders greenlight moving forward with hospitality business by increasing ownership in Four Seasons Hotel Bangkok and Capella Bangkok to 100%, divesting the remaining solar energy business, and announcing a plan to rebrand to “Bound and Beyond” (BEYOND)

  • PDI shareholders approved acquisitions of 2 world-class hotels to drive forward the hotel business for sustainable growth

  • PDI to acquire two world-class hotels, shifts focus to hospitality

  • No Gift Policy

Information

  • About Us
    • History
    • Our Value
    • Our Logo
    • Our Vision
    • Group Structure
    • Organization Structure
    • Executives
  • Our Business
    • PDI Energy
  • Sustainability
    • CSR Policy
    • Environment
    • Society
    • Corporate Governance
      • Corporate Governance
      • Code of Conduct
      • Anti-Corruption
      • Articles of Association of PDI
  • Investor Relations
    • IR Home
    • Investor Relations
      • Key Fact & Figures
      • Financial Statement
    • Shareholder Structure
    • Document for the Extraordinary General Meeting of Shareholders No. 2/2021:
      • Notice to Shareholders
      • Minutes of The Shareholders
      • Dividend Policy
    • Calendar
    • Report to SET
    • Download
      • Financial Statement
      • Presentation
      • Disclosure of Annual Information Form (56-1)
      • Annual Report and Sustainability Report
      • Publications
  • News & Activity
  • Career
  • Contact

Contact Info

CTI Tower, 26th-27th floor, 191/18-25 Ratchadaphisek Road, Khlong Toei, Bangkok 10110, Thailand
+66(0) 2695-9499
+66(0) 2695-9495

Investor Relations Division :
[email protected]
+66(0) 2695-9317

Board Secretary Division :
[email protected]
+66(0) 2695-9335

© Copyright 2018. Padaeng Industry Company. All Rights Reserved.
TOP
 Logo Header Menu
  • About Us
    • History
    • Our Vision
    • Our Value
    • Our Logo
    • Group Structure
    • Organization Structure
    • Board of Directors
    • Executives
  • Our Business
    • PDI Energy
    • PDI Hospitality
  • Sustainability
    • CSR Policy
    • Environment
    • Society
    • Corporate Governance
      • Corporate Governance
      • Code of Conduct
      • Anti-Corruption
      • Articles of Association of PDI
  • Investor Relations
    • IR Home
    • Financial Information
      • Key Fact & Figures
      • Financial Statement
    • Shareholder Structure
    • Shareholder Information
      • Minutes of The Shareholders
      • Notice to Shareholders
      • Document for the Extraordinary General Meeting of Shareholders No. 2/2021:
      • Dividend Policy
      • Proposal of Agenda & Nominate Director
      • BEYOND-W2
    • Financial Calendar
    • Report to SET
    • Download
      • Financial Statement
      • Presentation
      • Disclosure of Annual Information Form (56-1)
      • Annual Report and Sustainability Report
      • Amendment to Articles of Association of PDI
      • Publications
  • News & Activity
  • Career
  • Contact
  • TH
  • EN