News Detail

Date/Time
11 Nov 2016 17:14:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30-Sep-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 3
Ending                                   : 30-Sep-2016
Note                                     :
CTW032/2016

November 10, 2016

Subject   : Management Discussion and Analysis for the third quarter of 2016

To          : President
                The Stock Exchange of Thailand     

          Charoong Thai Wire and Cable Plc.(CTW) would like to inform that the
third quarter of 2016 operating results based on the consolidated financial
statements for the three-month period ended 30 September 2016 are as
follows:
                                                                                
    (Unit : Million Baht)
                                                                 Operating 
Results
                                     The third quarter (3-month period)
                                  2016           2015    Change
                                          Baht          %
Total revenues             1,689.61     1,810.09      120.48      (6.66)
Net Profit(Loss) attributable
to equity holders of CTW            45.48        (20.69)       66.17     319.77
Earnings per share (Baht/Share)   0.11          (0.05)             

Net Profit(Loss)
     Net Profit attributable to equity holders of the Company was THB 45.48
million in the third quarter of 2016, for three-month period, increasing by
THB 66.17 Million or 319.77% from the loss of THB 20.69 million in the same
period of 2015, caused from the following main reasons:

Revenue from Sales
     Revenue from sales of THB 1,678.88 Million decreased by THB 123.09
Million or 6.83% when compared with THB 1,801.97 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 996.96 Million, Power cable
segment of THB 510.59 Million, Fiber optic cable segment of THB 45.25 Million
and Communication cable segment of THB 26.70 Million, respectively.

Other Income
     Other Income of THB 10.73 Million increased by THB 2.61 Million or
32.20% from THB 8.12 Million in the same period of the previous year since
they had gain on exchange of THB 2.83 Million in the third quarter of 2016
while they had loss on exchange of THB 83.41 Million in the third quarter of
2015.
 
Expenses
     Expenses of THB 1,631.06 Million decreased by THB 174.54 Million or
9.67% from THB 1,805.60 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 1,568.76 Million decreased by THB 98.52
Million or 5.91% from THB 1,667.29 Million in the same period of the previous
year which varied depending on sales decline.  In addition, there was reversal
of reduction of cost to net realizable value of inventories during the period of
THB 7.05 million due to increase in the main raw material (copper) price.

             2. Administration Expenses
                 Administration expenses of THB 37.74 Million decreased by THB
77.71 Million or 67.31% from THB 115.44 Million in the same period of the
previous year since they had gain on exchange of THB 2.83 Million in the
third quarter of 2016 while they had loss on exchange of THB 83.41 Million
in the third quarter of 2015.

             3.    Finance cost
       Finance cost was THB 5.86 million, decreasing by THB 4.23 million
or 41.91% from THB 10.09 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 
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