News Detail

Date/Time
11 Aug 2016 12:33:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30-Jun-2016
Symbol
CTW
Source
CTW
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                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
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