News Detail

Date/Time
13 Nov 2015 12:35:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2015
Symbol
CTW
Source
CTW
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                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)
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