13 Nov 2015 12:35:00
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2015
Management Discussion and Analysis Company name : CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED Year : 2015 Quarter : Quarter 3 Ending : 30-Sep-2015 Note : CTW033/2015 November 13, 2015 Subject : To announce the Company's Management Discussion and Analysis for the third quarter of 2015 To : President The Stock Exchange of Thailand Charoong Thai Wire and Cable Plc.(CTW) would like to inform that the third quarter of 2015 operating results based on the consolidated financial statements for the three-month period ended 30 September 2015 are as follows: (Unit : Million Baht) Operating Results The third quarter (three-month period) 2015 2014 Change Million Baht % Total revenues 1,810.08 1,742.71 67.37 3.87 Net Profit(Loss) attributable to equity holders of CTW (20.69) 70.24 (90.93) (129.46) Earnings per share (Baht/Share) (0.05) 0.18 Net Profit(Loss) Net Loss attributable to equity holders of the Company was THB 20.69 million in the third quarter of 2015, for three-month period, decreased by THB 90.93 million or 129.46% from THB 70.24 million in the same period of 2014 caused from the following main reasons: Revenue from Sales Revenue from sales of THB 1,801.97 million, increased by THB 76.96 million or 4.46%, when compared with THB 1,725.01 million in the same period of the previous year which increased from sales of enameled wires and power cables. Most sales were generated by Enameled and non- enameled wires of THB 904.21 million or 50.18% of total sales, followed by Power cables of THB 817.26 million or 45.35% of total sales, Fiber optic cables of THB 50.84 million and Communication cables of THB 29.66 million, respectively. Other Income Other Income of THB 8.12 million decreased by THB 9.59 million or 54.16% from THB 17.71 million in the same period of the previous year, since the interest income decreased by THB 4.32 million, caused from the payment of dividend resulting in fixed deposits decreased and there was loss on exchange of THB 83.41 million, whereas there was gain on exchange of THB 5.53 million in the same period of the previous year. Expenses Expenses of THB 1,805.60 million increased by THB 158.29 million or 9.61% from THB 1,647.31 million in the same period of the previous year, the reasons are summarized as follows: 1. Cost of Sales Cost of sales of THB 1,667.29 million increased by THB 89.14 million or 5.65% from THB 1,578.15 million, which varied depending on sales and the higher average cost during the period. 2. Selling Expenses Selling expenses of THB 22.87 million decreased by THB 2.62 million or 10.29% from selling expenses of THB 25.49 million in the same period of the previous year, which most were transportation expenses. 3. Administration Expenses Administration expenses of THB 115.44 million increased by THB 71.78 million or 164.38% from administration expenses of THB 43.67 million due to loss on exchange of THB 83.41 million arising from the weakness of the Thai Baht against the US dollar. 4. Finance cost Finance cost of THB 10.09 million, decreased by THB 1.72 million or 14.54% from finance cost of THB 11.81 million in the same period of the previous year, due to the repayment of trust receipt payable before maturity. Please be informed accordingly. Sincerely yours, (Mrs. Sununtha Phaengsook) Asst. Managing Director (Finance) 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.