10 Aug 2015 20:09:00
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2015
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.