11 Nov 2015 20:13:00
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2015
Management Discussion and Analysis Company name : THE MANDARIN HOTEL PUBLIC COMPANY LIMITED Year : 2015 Quarter : Quarter 3 Ending : 30-Sep-2015 Note : Subject: Third quarter, 2015, operating results clarification Attention: President of the Stock Exchange of Thailand Referring to the financial statements of the third quarter of the year 2015 ended September 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 third quarter of the year 2015, the net loss of the company was 20.87 million Baht while the year 2014, the net profit of the company was 4.07 million Baht. The loss increased 24.94 million Baht, was equal to 612.77 % which concluded as follows: 1 For the third quarter of the year 2015, gross profit of the company was 22.64 million Baht. For the year 2014, gross profit of the company was 21.95 million Baht which increased 0.69 million Baht which was equal to 3.14%. This was due to the revenue of the year 2015 was 76.46 million Baht, the year 2014 was 76.38 million Baht, increased 0.08 million Baht which was equal to 0.10 %. In the mean time, cost of sales of the company for the year 2015 was 53.82 million Baht, for the year 2014 was 54.43 million Baht, decreased 0.61 million Baht which was equal to 1.12% The decrease was very little. 2 For the third quarter of the year 2015, the loss of the company was 20.87 million Baht. In the year 2014 the profit of the company was 4.07 million Baht, the loss increased 24.94 million Baht which was equal to 612.77 % due to expense of sales and management of the year 2015 was 22.76 million Baht and the year 2014 was 19.07 million Baht, increased 3.79 million Baht which was equal to 19.34 %. The expense of the year 2015 was 7.28 million Baht, for the year 2014 was 8.38 million Baht which decreased 1.10 million Baht which was equal to 13.12 %. The decrease was due to the payment of the loan of the financial institute for this year at 37,500,000 Baht. That is the reason why the payment of interest decreased. For the year 2015, the company has expense of income tax which will be deducted from the company's account at the amount of 16.75 million Baht, for the year 2014, at the amount of 0.96 million Baht which increases 15.79 million Baht which is equal to 1644.79 % This is the reason which increases the loss of the company for the year 2015. 3 For the third quarter of the year 2015, other income of the company was 0.74 million Baht, the year 2014 was 8.43 million Baht, which decreased 7.69 million Baht which wasequal to 91.22 % which came from unrealized profit and loss on investment. For the year 2015, the amount of the loss was 3.74 million Baht, for the year 2014, the amount of the profit was 4.93 million Baht. The loss increased 8.67 million Baht which was equal to 175.86% 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.