UKEM shares rose 13.04% to 1.56 baht after the company reported second-quarter net profit for fiscal 2026 of 238.70 million baht, up 1,518.22% from the same period last year. Revenue from sales and services was 998.86 million baht, up 42.85%. The main driver was higher product prices in the market amid the Middle East situation, which lifted the average selling price per kilogram, while cost of sales rose at a slower rate. The company also booked gains from inventory purchased in the first quarter of fiscal 2026 and sold in the second quarter, when market prices were higher. For the first six months of fiscal 2026, net profit was 338.41 million baht, up 1,031.51% from the same period last year. The company has also invested more than 200 to 300 million baht in warehouses and is preparing to launch a solvent recycling business with additional investment of about 200 to 300 million baht. Operations are expected to begin in the fourth quarter of fiscal 2026, with revenue recognition starting from 2027 onward. The company is also in the process of moving its listed securities from the Market for Alternative Investment to the Stock Exchange of Thailand, with progress expected in the next quarter.
Union Petrochemical Public Company LimitedHigher product prices lifted average selling price, driving a 15-fold profit surge.
