12 May 2016 19:04:00
Management Discussion and Analysis Quarter 1 Ending 31-Mar-2016
Management Discussion and Analysis Company name : THE MANDARIN HOTEL PUBLIC COMPANY LIMITED Year : 2016 Quarter : Quarter 1 Ending : 31-Mar-2016 Note : Subject: First quarter, 2016, operating results clarification Attention: President of the Stock Exchange of Thailand Referring to the financial statements of the first quarter ended March 31, 2016 and 2015, 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 first quarter of the year 2016, the net profit of the company was 17.77 million Baht while the year 2015, the net profit of the company was 3.84 million Baht. The profit increased 13.93 million Baht, which was equal to 362.76 % which concluded as follows: 1 For the first quarter of the year 2016, gross profit of the company was 30.38 million Baht. For the year 2015, gross profit of the company was 23.28 million Baht which was due to the revenue of the year 2016 was 89.36 million Baht, for the year 2015 was 81.09 million Baht, increased 8.27 million Baht. The increase was equal to 10.91%. In the meantime, cost of sales of the company increased, for the year 2016 was 58.98 million Baht, for the year 2015 was 57.82 million Baht, increased 1.16 million Baht. The increase was equal to 2.00% The revenue increased 10.19 % due to room rate increased and the number of customers increased and customers from China were increased as well. This was the reason that the revenue of the hotel increased 8.27 million Baht meanwhile cost of sale of the company increased which vary with the increase of the revenue. 2 For the first quarter of the year 2016, the profit of the company was 17.77 million Baht. In the year 2015, was 3.84 million Baht, increased 13.93 million Baht which was equal to 362.76 % due to expense of sales and management of the year 2016 was 18.41 million Baht and the year 2015 was 16.83 million Baht, increased 1.58 million Baht which was equal to 9.38 %. The increase was very little compared to last year.The expense of the year 2016 was 6.75 million Baht, for the year 2015 was 7.78 million Baht which decreased 1.03 million Baht which was equal to 13.23 %. The decrease was very little,due to the payment of the interest from the loan of the financial institute. For the year 2016 the income from deferred tax of the company was 9.92 million Baht, for the year 2015, the expense of deferred tax was 0.98 million Baht, increased 10.09 million Baht which was equal to 1,112.24 %. That is the reason why the profit of the company for the year 2016 increased 13.93 million Baht more than last year. 3 For the first quarter of the year 2016, other income of the company was 3.19 million Baht, for the year 2015, was 3.11 million Baht which increased 0.08 million Baht which was equal to 2.57 % . The increase was very little which came from income from the rent, water supply and electricity from Seefah Lumpini Co.,Ltd. and Siam Wellness Group Public Co,Ltd. In the year 2016, the loss of the company from unrealized profit and loss on investment was 1.84 million Baht, for the year 2015 the profit of the company from unrealized profit and loss on investment was 3.07 million Baht decreased 4.91 million Baht which was equal to 159.93 % 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.