News Detail

Date/Time
10 Aug 2015 20:09:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2015
Symbol
MANRIN
Source
MANRIN
Full Detailed News
Download Full Detailed News
                Management Discussion and Analysis

Company name                             : THE MANDARIN HOTEL PUBLIC COMPANY 
LIMITED
Year                                     : 2015
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2015
Note                                     :

Subject:           Second quarter, 2015, operating results clarification

Attention:       President of the Stock Exchange of Thailand

                         Referring to the financial statements of the second 
quarter of the year 2015 ended June 30, 2015 and 2014, the Mandarin Hotel Public
Company Limited would like to clarify the reason why the operating results
showed  a different of over 20% comparing to the same period of previous year.
For  the second quarter of the year 2015, the net loss of the company was 10.85 
million Baht while the year 2014, the net loss of the company was 30.14 million
Baht which decreased 19.32 million Baht, was equal to 64.10 % which concluded as
 follows:
1     For the second quarter of the year 2015, gross profit of the company  was 
13.06 million Baht. For the year 2014, gross profit of the company was 3.67
million Baht. This was due to the revenue of the year 2015 was 68.43 million
Baht, the year 2014 was 53.57 million Baht. The revenue increased 14.86 million
Baht which was equal to increase 27.73% .
In the mean time, cost of sales of the company increased, for the year 2015 was 
55.37million Baht and the year 2014 was 49.88 million Baht which increased 5.49
million Baht. The increase was equal to 11 %   The main reason which increased
the revenue due to the revenue of the guest rooms increased which came from
Chinese guestsfor 50 % of total revenue from the guest rooms. The revenue of
function rooms which included wedding party, seminar,  government or corporate
events  are varied to the seasons The increase of revenue for this year was
14.86 million Baht. Meanwhile the cost of salesincreased 5.49 million Baht which
 varied to the income increased.
2     For  the second quarter of the year 2015, the loss of the company was 
10.85 million Baht. In the year 2014 the company lost 30.14 million Baht,
decreased 19.32 million Baht which is equal to 277.78 % due to expense of sales
and management of the year 2015 was 17.21 million Baht and  the year 2014 was
16.41 million Baht, increased 0.8 million Baht which is equal to 4.87 %. The
increase was very little compared to last year.The expense of the year 2015 was
7.54 million Baht for the year 2014 was 8.60 million Baht which decreased 1.06
million Baht which is equal to 12.32 %. The decrease was  due to the payment of
the loan of the financial institute for last year at 18,500,000 Baht. That is
the reason why the payment of interest decreased.
3      For the second  quarter of the year 2015, other income of the company was
5.54 million Baht, the year 2014 was 4.74 million Baht, which increased 0.80
million Baht which is equal to 16.87 %. The increase was very little, from the
rent of KruaLuang Restaurant from SeefahLumpini  Company Limited and  the rent
ofSiam Wellness Group  Company Limited.
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.