News Detail

Date/Time
29 Feb 2016 17:07:00
Headline
Management Discussion and Analysis Yearly Ending 31-Dec-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                                  : Yearly
Ending                                   : 31-Dec-2015
Note                                     :
CTW001/2016

                                                February 29, 2016

Subject   : Management Discussion and Analysis for 2015

To          : President
                The Stock Exchange of Thailand     


     Charoong Thai Wire and Cable Plc.(CTW) would like to clarify the
Company and its subsidiaries' 2015 operating results based on the
consolidated financial statements for the year ended 31 December 2015
as follows:

                                                                                
(Unit : Million Baht)
      Operating Results
                                            Period of the Year
                                             2015           2014       % Change
Total revenues                          6,451.25      6,878.19         (6.21)
Net Profit (Loss) attributable to
equity holders of CTW                            (98.33)        116.47      
(184.43)
Earnings (Loss) per share (Baht/Share)     (0.25)           0.29    

Net Profit (Loss)
     Net loss was THB 120.27 million in 2015 decreased by THB 207.78
million or 237.43% from net profit of THB 87.51 million in 2014 caused
from the following main reasons:

Revenue from Sales
     Revenue from sales of THB 6,421.93 million in 2015 decreased by
THB 412.48 million or 6.04% from THB 6,834.41 million in 2014.
For the year 2015, the Company and its subsidiaries had revenue from
local customers of THB 4,188.70 million and from overseas customers of
THB 2,233.23 million.

Other Income
     Other Income of THB 29.32 million decreased by THB 14.46 million or
33.04% from THB 43.78 million in 2015, due to decrease in short-term
investments and interest rates.      In the year 2015, there was loss on
exchange of THB 104.22 million, while there was gain on exchange of
THB 2.15 million in 2014.

Expenses
     Total expenses of THB 6,533.60 million in 2015 decreased by THB
166.12 million or 2.48% from THB 6,699.72 million in 2014, details are
summarized as follows.

     1. Cost of Sales
         Total cost of sales of THB 6,120.70 million in 2015 decreased by
THB 177.27 million or 2.81% from THB 6,297.97 million in 2014, which
varied depending on sales.  In addition, the cost was increased from
setting up the allowance for diminution in value of inventory of THB
53.58 million.

     2. Selling Expenses
         Selling expenses in 2015 was THB 101.77 million, decreased by
THB 2.08 million or 2.00% from selling expenses of THB 103.85 million in
2014, which most were the reduction of transportation and consulting fees.

     3. Administration Expenses
         Administration expenses in 2015 was THB 311.14 million, increased
by THB 13.23 million or 4.44% from administration expenses of THB
297.91 million in 2014, since there was loss on exchange due to the
weakness of the Thai Baht comparing with against the US dollar.

     4. Finance Cost
         Finance cost of THB 40.04 million, decreased by THB 3.19 million
or 7.39% from finance cost of THB 43.23 million in the same period of
the previous year due to the repayment of trust receipts before maturity.

     The separate financial statements for the year 2015, the Company
had net profit of Baht 121.49 million, decreased by Baht 85.04 million or
41.18%, when compared with the net profit of Baht 206.53 million in
2014.

     Please be informed accordingly.

                                                Sincerely yours,
                               

                                             (Mr. Sun Tao-Heng)
                                               Managing Director
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