News Detail

Date/Time
09 Nov 2016 19:03:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2016
Symbol
SUSCO
Source
SUSCO
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                Management Discussion and Analysis

Company name                             : SUSCO PUBLIC COMPANY LIMITED
Year                                     : 2016
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2016
Note                                     :
                                               TRANSLATION

No. Sor Kor. Bor Chor Ngor. 144/2559                                            

                                                       November  9, 2016

Subject :     Submission of the Reviewed Interim Financial Statements for the
                  three - month and nine - month period ended  September 30,
                  2016 together with  the explanation of the significant causes
                  affecting the operating results to vary more than 20% from 
those
                  of the same period of  the preceding year.

To :            The President
                 The Stock Exchange of Thailand

Enclosures :   The  Reviewed Interim Financial Statements for the three -
                     month and nine - month period ended September  30, 2016 of
                     SUSCO  Plc. and its subsidiaries and the Reviewed  Interim
                     Financial Report by the Certified Public Accountant.

Enclosed  are the Reviewed Interim Financial Statements for the three-month and 
nine month period ended September 30, 2016, and the Reviewed Interim Financial
Report by the Certified Public Accountant, with  the explanation of the
significant causes affecting the operating results to vary more than 20% from
those of the same period of the preceding year, which can be summarized as
follows :

1. The Company's Financial Statements
                 1.1 In the third quarter of 2016, the Company had a sales 
volume of 153.545 million litres, an increase of 36.988 million litres, or
31.73%, from the same period of 2015. and the total revenues of Baht 2,936.86
million, an increase of Baht 525.37 million, or 21.79%, from the same period of
2015. The significant cause of the increasing in the net sales revenue was  an
increase in the sales volume and the average sales margin per litre.
    The Company had profit before income tax of Baht 28.11 million, compared with 
Baht 11.24 million in the same period of 2015, an increase of Baht 16.87 million
, resulted from an increase in the gross profit, of which  had increased due to
the increase of the sales volume. And the Company had profit after income tax
of Baht 24.59 million, an increase of Baht 16.16 million, from the same period
of 2015, which was Baht 8.43 million, in which the details are shown in the
attached Separate Comprehensive Income Statement.
                 1.2  For the nine - month period ended September 30, 2016, the 
Company had a sales volume of  495.888 million litres, an increase of  105.859
million litres, or 27.14%, from the same period of  2015, and the total revenues
of Baht 9,058.29 million, an increase of Baht 668.09 million, or 7.96%, from
the same period of 2015. The significant cause of the increasing in the net
sales revenue was  the increase in the sales volume and the average sales margin
per litre. The details of which are shown in the attached Separate
Comprehensive Income Statement. The profit before income tax of Baht 150.98
million has decreased by Baht 149.13 million, when compared with Baht 300.11
million in the same period of 2015 due to the decrease in the dividend received
from subsidiary Company of Baht 212.84 million . The Company had profit after
income tax of Baht 131.83 million, a decrease of Baht 156.24 million, or 54.24%,
when comparing with Baht 288.07 million in the same period of 2015. However, if
the dividend received from a subsidiary as mentioned above, was being excluded,
the Company would  have  an increasing in the net profit of Baht 56.59 million,
 or 151.31% from the same period of 2015.

2. The Consolidated Financial Statements
                 2.1  In the third quarter of 2016, the Company and its 
subsidiaries had a total sales volume of 251.683 million litres, an increase of
39.771 million litres, or 18.77%, from the same period of 2015, and the total
revenues of Baht 4,609.27 million, an increase of Baht 186.21 million, or 4.21%,
from the same period of 2015. The significant causes of  the increase in the
net sales revenue were the increase in the sales volume and the average sales
margin per litre. The Company and its subsidiaries had profit before income tax
of Baht 57.47 million, an increase of Baht 48.38 million, when compared with
Baht 9.09 million in the same period of 2015, due to the increase in the gross
profit  which was resulted from the increase  in the sales volume. The Company
and its subsidiaries  had profit after income tax of Baht 55.66 million, an
increase of Baht 50.71 million, when compared with Baht 4.95 million in the same
 period of 2015.
                    2.2   For the nine - month period  ended September 30, 2016,
the Company and its subsidiaries had a total sales volume of  804.361 million
litres, an  increase of 108.531 million litres, or 15.60%, from the same period
of  2015. and the total revenues of Baht 14,119.21 million, a decrease of Baht
772.95 million, or 5.19%, from the same period of 2015. The significant cause of
the decrease in the net sales revenue was the decrease in the oil price  in the
beginning of  the year . The Company and its subsidiaries had the profit before
income tax of  Baht 243.49 million, an increase of Baht 82.25 million, from the
  same period of 2015, due to the higher gross profit from the sales
volume and the average sales margin per litre, and the decrease in the financing
cost from the reduction of interest expenses due to the increase in loan
repayment,  As a result, the Company and its subsidiaries had net profit of Baht
227.88 million,  an increase of Baht 79.32 million or 53.40%, when compared
with Baht 148.56 million of the same period of 2015.

Please be informed accordingly.

                                                                      Sincerely yours,

                                                       (Chairit     Simaroj)
                 Managing Director
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