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ASC 100: Thailand's Kulthorn Kirby

Alex Chen, Taipei; Yusin Hu, DIGITIMES Asia 0

Credit: DIGITIMES

Established in 1980 in Bangkok, Kulthorn Kirby manufactures and sells refrigerators, freezers, water coolers, commercial refrigerators, and closed compressors for ventilation systems.

The company also manufactures components for compressors and cast iron for cars and does forging, machining, and heating treating for metal parts.

Its services are widely available in Thailand, Hong Kong, China, Indonesia, Australia, and Saudi Arabia. Its subsidiaries include Kulthorn Kirby Foundry, Kulthorn Premier, Kulthorn Steel, and Kulthorn Materials & Controls.

Going public in 1991 in Thailand, it registered under the name Kulthorn Kirby Public Company Limited in 1994.

Kulthorn Kirby Public Company: Financial results, 3Q20-2Q21 (US$m)

2Q21

1Q21

4Q20

3Q20

Revenue

50.59

51.22

46.78

38.36

Gross profit (loss)

2.51

3.4

1.49

(0.08)

Operating profit (loss)

(1.1)

0.08

(2.83)

(3.34)

After-tax net profit (loss)

(2.37)

(1.27)

(4.17)

(5)

Source: Reuters, compiled by DIGITIMES, September 2021