News Detail

Date/Time
26 Feb 2016 19:45:00
Headline
Management Discussion and Analysis Yearly Ending 31-Dec-2015
Symbol
MANRIN
Source
MANRIN
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                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.