News Detail

Date/Time
11 Nov 2015 20:13:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2015
Symbol
MANRIN
Source
MANRIN
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                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.