May 27, 2017 3:23 AM ET

Food Products

Company Overview of Trang Seafood Products Public Company Limited

Company Overview

Trang Seafood Products Public Company Limited manufactures and sells frozen seafood products in Thailand and internationally. It manufactures its seafood products using cuttlefish, squid, fish, and shrimps as raw materials. The company distributes its products primarily through traders, agents, and wholesalers, as well as through restaurants and supermarkets. Trang Seafood Products Public Company Limited is based in Trang, Thailand.

29, Moo 6

Kantang Road

Tambol Khuan Pring

Amphur Muang

Trang,  92000

Thailand

Phone:

66 7 558 2134

Fax:

66 7 558 2144

Key Executives for Trang Seafood Products Public Company Limited

Chief Executive Officer and Director
President and Director
Executive Vice President and Director
Marketing Manager
Compensation as of Fiscal Year 2016.

Trang Seafood Products Public Company Limited Key Developments

SET To Delist The Common Stocks Of Trang Seafood Products Public Company Limited

The Stock Exchange of Thailand (SET)’s board of governors (BoG), by virtue of Article 171(4) of Securities and Stock Exchange Act B.E. 2535 and clause 17 of SET’s Rules relating to the Delisting of Securities 1999, has passed the resolution to delist the common stocks of Trang Seafood Products Public Company Limited (TRS). The company has unable to eliminate the grounds for delisting within specified period of time. It will be effective from 29 September 2016 onwards. In addition, to ensure investor protection, there will be no trading of these companies’ securities prior to the delisting. SET announced that TRS’s common stocks have been subject to possible delisting due to its audited annually financial statements for the year 2009 showing shareholders’ equity less than zero. In view of the foregoing, there is ground for delisting under clause 9(6)(d) of SET’s Rules Re: Delisting of Securities 1999. SET’s BoG considers the facts and SET’s regulations and is of the opinion that there is no clarity on whether the Company is able to eliminate the grounds for delisting within the given period. Besides, there is no indication that the Company will be able to eliminate the causes of delisting within foreseeable future. As a result, SET’s BoG has passed the resolution to delist TRS’s common stocks and there will be no trading of its securities prior to the effective date of delisting which will be 29 September 2016.

Trang Seafood Products Public Company Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Trang Seafood Products Public Company Limited reported unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported profit for the period was THB 2.319 million or THB 0.02 per basic share against THB 17.120 million or THB 0.14 per basic share last year. Sales were THB 257.103 million against THB 203.544 million last year. Profit before expenses was THB 25.566 million against THB 33.611 million last year. For the six months, the company reported profit for the period was THB 5.943 million or THB 0.05 per basic share against THB 4.296 million or THB 0.04 per basic share last year. Sales were THB 572.177 million against THB 387.178 million last year. Profit before expenses was THB 44.043 million against THB 34.442 million last year. Net cash provided from operating activities was THB 40.015 million against net cash used in operating activities of THB 112.0 million last year. Purchase of equipment was THB 2.663 million against THB 1.212 million last year.

Trang Seafood Products Public Company Limited Reports Unaudited Reviewed Earnings Results for the First Quarter Ended March 31, 2016

Trang Seafood Products Public Company Limited reported unaudited reviewed earnings results for the first quarter ended March 31, 2016. For the quarter, the company's net profit was THB 3,624,000 or THB 0.03 per basic share, compared to net loss was THB 12,824,000 or THB 0.11 per basic share, a year ago. Total revenues were THB 315.75 million compared THB 185.51 million a year ago. Profit before expenses was THB 18,954,000 compared to THB 831,000 a year ago. Net cash provided from operating activities was THB 36,474,000 compared to THB 6,622,000 a year ago. Purchase of equipment was THB 970,000 compared to THB 568,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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