26 Feb 2016 19:45:00
Management Discussion and Analysis Yearly Ending 31-Dec-2015
Management Discussion and Analysis Company name : THE MANDARIN HOTEL PUBLIC COMPANY LIMITED Year : 2015 Quarter : Yearly Ending : 31-Dec-2015 Note : Subject: Year ended, 2015, operating results clarification Attention: President of the Stock Exchange of Thailand Referring to the financial statements of the year 2015 ended December 31, 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 year 2015, the net loss of the company was 20.88 million Baht while the year 2014, the net loss of the company was 30.35 million Baht. The loss decreased 9.47 million Baht, was equal to 31.20 % which concluded as follows: 1 For the year 2015, gross profit of the company was 87.16 million Baht. For the year 2014, gross profit of the company was 47.45 million Baht which increased 39.71 million Baht which was equal to 83.68%. This was due to the revenue of the year 2015 was 315.12 million Baht, the year 2014 was 258.15 million Baht, increased 56.97 million Baht which was equal to 22.06 %. In the meantime, cost of sales of the company for the year 2015 was 227.96 million Baht, for the year 2014 was 210.70 million Baht, increased 17.26 million Baht which was equal to 8.19% The increase was less than the revenue, that 's why the gross profit of this year increased. 2 For the year 2015, the loss of the company was 20.88 million Baht. In the year 2014 the loss of the company was 30.35 million Baht, the loss decreased 9.47 million Baht which was equal to 31.20 % due to expense of sales and management of the year 2015 was 75.38 million Baht and the year 2014 was 69.13 million Baht, increased 6.25 million Baht which was equal to 9.04 %. The expense of the year 2015 was 29.55 million Baht, for the year 2014 was 32.86 million Baht which decreased 3.31 million Baht which was equal to 10.07 %. The decrease was due to the payment of the loan of the financial institute for this year at 37.5 million Baht. That is the reason why the payment of interest decreased and the loss of the company decreased as well. For the year 2015, other income of the company was 16.39 million Baht, for the year 2014, was 14.78 million Baht which increased 1.61 million Baht which was equal to 10.89 % . The increase was very little. 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.