News Detail

Date/Time
12 May 2016 19:04:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31-Mar-2016
Symbol
MANRIN
Source
MANRIN
Full Detailed News
Download Full Detailed News
                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.