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m link asia corp public-for (MLINK/F) Details

Ferrum Public Company Limited distributes mobile phones and accessory equipment in Thailand. The company also operates representative business to distribute mobile phones and accessory equipment; and provides repairing, commission, and mobile phones system services, as well as tender services in the governmental and private sectors. In addition, it develops and services computer programs for mobile producers and mobile phones; and provides computer development and advisory services, as well as operates distribution centers. The company was formerly known as M-Link Asia Corporation Public Company Limited and changed its name to Ferrum Public Company Limited in May 2015. Ferrum Public Company Limited is headquartered in Bangkok, Thailand.

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m link asia corp public-for (MLINK/F) Key Developments

Ferrum Public Company Limited Announces Executive Changes

The board of Ferrum Public Company Limited (the "Company") has resolved in the meeting No. 8/2015 held on August 14,2015 to appoint Ms. Sasithorn Jaimoon as the new Company Secretary in replacement of Mrs. Ratikan Wansiri, The appointments shall be effective on September 1, 2015.

Ferrum Public Company Limited Announces Consolidated and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Loss on Impairment of Investments for the Second Quarter of 2015

Ferrum Public Company Limited announced unaudited consolidated and company earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported net loss attributable to shareholders of the company of THB 11,255,000 or THB 0.006 per share compared to THB 2,274,000 or THB 0.004 per share a year ago. Revenue from sale of goods was THB 549,174,000 against THB 907,752,000 a year ago. Loss before income tax was THB 12,480,000 against THB 3,762,000 a year ago. For the quarter, on company basis, the company reported net loss of THB 11,156,000 or THB 0.006 per share compared to THB 2,745,000 or THB 0.008 per share a year ago. Revenue from sale of goods was THB 494,983,000 against THB 863,308,000 a year ago. Loss before income tax was THB 11,156,000 against THB 4,327,000 a year ago. For the six months, on consolidated basis, the company reported net loss of THB 69,686,000 or THB 0.046 per share compared to THB 63,503,000 or THB 0.103 per share a year ago. Revenue from sale of goods was THB 837,047,000 against THB 1,682,798,000 a year ago. Loss before income tax was THB 72,890,000 against THB 65,511,000 a year ago. Net cash provided used in operating activities was THB 592,405,000 against net cash provided from operating activities of THB 90,192,000 a year ago. Cash paid for purchase of property, plant and equipment was THB 38,727,000 against THB 5,793,000 a year ago. For the six months, on company basis, the company reported net loss of THB 60,749,000 or THB 0.039 per share compared to THB 57,352,000 or THB 0.097 per share a year ago. Revenue from sale of goods was THB 743,866,000 against THB 1,597,278,000 a year ago. Loss before income tax was THB 59,364,000 against THB 59,027,000 a year ago. Net cash provided used in operating activities was THB 553,510,000 against net cash provided from operating activities of THB 114,078,000 a year ago. Cash paid for purchase of property, plant and equipment was THB 1,670,000 against THB 1,017,000 a year ago. The company reported loss on impairment of investments in subsidiaries was THB 14,432,000 for the second quarter of 2015.

Ratikan Wangsiri Resigns as Company Secretary and Vice President of Accounting Division of the Ferrum Public Company Limited, Effective from June 1, 2015

Ferrum Public Company Limited announced that Mrs. Ratikan Wangsiri has tendered her resignation from her positions as the company secretary and vice president of accounting division of the company with effective from June 1, 2015.

 

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