11 Aug 2016 12:33:00
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2016
Management Discussion and Analysis Company name : CHAROONG THAI WIRE & CABLE PUBLIC COMPANY LIMITED Year : 2016 Quarter : Quarter 2 Ending : 30-Jun-2016 Note : CTW029/2016 August 10, 2016 Subject : Management Discussion and Analysis for the second quarter of 2016 To : President The Stock Exchange of Thailand Charoong Thai Wire and Cable Plc.(CTW) would like to inform that the second quarter of 2016 operating results based on the consolidated financial statements for the three-month period ended 30 June 2016 are as follows: (Unit : Million Baht) Operating Results Period of the second quarter 2016 2015 Change Baht % Total revenues 1,831.26 1,727.21 104.06 6.02 Net Profit(Loss) attributable to equity holders of CTW 186.28 (44.11) 230.39 522.33 Earnings per share (Baht/Share) 0.47 (0.11) Net Profit(Loss) Net Profit attributable to equity holders of the Company was THB 186.28 million in the second quarter of 2016, for three-month period, increased by THB 230.39 Million or 522.33% from the loss of THB 44.11 million in the same period of 2015, caused from the following main reasons: Revenue from Sales Revenue from sales of THB 1,651.74 Million, decreased by THB 66.16 Million or 3.85% when compared with THB 1,717.90 Million in the same period of the previous year. The Company and its subsidiaries had revenue from Enameled and non-enameled wire segment of THB 924.87 Million, Power cable segment of THB 610.55 Million, Fiber optic cable segment of THB 47.33 Million and Communication cable segment of THB 33.57 Million, respectively. Other Income Other Income of THB 179.52 Million increased by THB 170.22 Million or 1,829.74% from THB 9.30 Million in the same period of the previous year, since the Company had gain on sale of investment property, land not being used for operation, of THB 156.75 Million and the Company and its subsidiaries had interest income of THB 17.70 Million in the second quarter of 2016. Expenses Expenses of THB 1,583.69 Million decreased by THB 186.73 Million or 10.55% from THB 1,770.42 Million in the same period of the previous year, which was in line with decrease in sales, the reasons were summarized as follows: 1. Cost of Sales Cost of sales of THB 1,502.35 Million decreased by THB 146.07 Million or 8.86% from THB 1,648.41 Million in the same period of the previous year, since they reversed reduction of cost to net realizable value of inventories during the period of THB 37.30 million due to increase in the main raw material (copper) price. 2. Administration Expenses Administration expenses of THB 58.49 Million decreased by THB 41.92 Million or 41.75% from administration expenses of THB 100.40 Million in the same period of the previous year since they had gain on exchange of THB 2.69 Million in the second quarter of 2016 while they had loss on exchange of THB 48.56 Million in the second quarter of 2015. 3. Finance cost Finance cost was THB 6.41 million, decreased by THB 4.31 million or 40.19% from finance cost of THB 10.72 million in the same period of the previous year due to early payment for trust receipts. Please be informed accordingly. Sincerely yours, (Mr. Sun Tao-Heng) Managing 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.