11 Nov 2016 17:14:00
Management Discussion and Analysis Quarter 3 Ending 30-Sep-2016
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 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.