05 Aug 2016 13:15:00
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2016
Management Discussion and Analysis Company name : FURUKAWA METAL (THAILAND) PUBLIC COMPANY LIMITED Year : 2016 Quarter : Quarter 2 Ending : 30-Jun-2016 Note : 5 August 2016 Subject : Management's Discussion and Analyst of Operating Results of 2nd Quarter in 2016 Attn : Managing Director and Manager of Stock Exchange of Thailand From the results of the second quarter ended 30 June 2016, the Company's net profit was 54 million baht - an increase of 29.6 million baht or 120% due to 1. Gross profit of 2016 increased 21.6 million baht, a 18.8% compared with 2015 due to an increasing of demand of air-conditioner and refrigerator, consequently sales quantity was increased 8.3% whereas LME price was lower than 2015. Hence sales amount was shown less than 2015 Unit : Million baht 2016 2015 Increase / (Decrease) Sales amount 1,436 1,478 (41) - Demand of air-conditioner and refrigerator increased but LME price is lower than 2015. Cost of good sold 1,304 1,374 (70.6) - Material management control. Due to good control of material and continuous production cost reduction policy including a decreasing of depreciation. 2. A decreasing of exchange gain 7.5 million baht or 80.5% compared with the previous year as the result of more strength of Thai baht. 3. Operating expenses of 2016 decreased 14 million baht, a 18% compared with 2015 due to Unit : Million baht 2016 2015 Increase / (Decrease) Operating expenses 56 54 2-Selling expense increased due to sales quantity increased. Loss on Hedging cost of material 9 25 (16)-Customer absorbs in delivery month. 4. Interest paid in 2016 reduced 1 million baht from 2015 due to cash management policy in Furukawa group. For your information Sincerely yours, ____________________________________________ ( Mr. Takashi Yamamoto and Mr. Makoto Kasuga ) Director 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.