News Detail

Date/Time
20 Feb 2017 18:07:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2016
Symbol
SUSCO
Source
SUSCO
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                Management Discussion and Analysis

Company name                             : SUSCO PUBLIC COMPANY LIMITED
Year                                     : 2016
Quarter                                  : Yearly
Ending                                   : 31-Dec-2016
Note                                     :
                                                                 TRANSLATION

No. Sor Kor. Bor Chor Ngor.    010/2560
                                                                      February 
20, 2017

Subject :       Submission of the Audited Financial Statements for the
                       year  ended  December 31, 2016 together with  the
                      clarification on the main causes of  the variation  in
                      operating results, exceeding 20% from those of the
                      same periods of  the preceding year.

To :              The President
                     The Stock Exchange of Thailand

Enclosures :  The  Audited Financial Statements for the year ended
                        December 31, 2016 of  SUSCO  Plc. and  its
                        subsidiaries and the Audit Report by the Certified 
Public
                        Accountant.

Enclosed  are the Audited Financial Statements for the year ended  December 31, 
2016, and the  Audit Report by the Certified Public Accountant, with  the
clarification on the main causes of the variation  in operating  results,
exceeding 20%  from those of the same periods of the preceding year, which can
be summarized as follows :

1.    The Company's Financial Statements
         In 2016, the Company had a sales volume of 666.547 million
litres, an increase of 128.073 million litres, or 23.78% from the same period of
2015, and a total revenue of Baht 12,603.88 million, an increase of Baht
1,407.61 million, or 12.57%, from the same period of 2015. The main reason was
the increase in the net sales revenue due to the increase in the sales volume.
           The Company had a profit before income tax of Baht 326.04
million, an increase of Baht 20.84 million, comparing with Baht 305.20 million 
of the same periods of 2015, due to the increase in the gross profit following
the  increase in the sales volume. The Company had net profit after income tax
of Baht 285.10 million, a decrease of  Baht 6.32 million, or 2.17% , comparing
with Baht 291.42 million in the same period of 2015. The significant cause were:
although  the Company had the increase in the profit before income tax of Baht
20.84 million, but the income tax expense has increased un proportionately
higher, amount  Baht 27.16 million.

2    The Consolidated Financial Statements
    In 2016, the Company and its subsidiaries had a total sales
volume of 1,077.437 million litres, an increase of 132.216 million litres, or 
13.99%, from the same period of 2015. The total revenue was Baht 19,394.08
million, a decrease of Baht 217.93 million, or 1.11%, from the same period of
2015. The significant cause were: the decrease in the net sales revenue due to
the lower the oil price at the beginning of 2016. While  the Company and its
subsidiaries had a profit before income tax of Baht 315.79 million, an increase
of Baht 144.56 million from the same period of 2015 due to  the increase in the
gross profit  resulted from the increase in the sales volume  and  the decrease
in the financing cost from less interest expenses due to the higher loan
repayment.  As a result, the Company and its subsidiaries had net profit of Baht
284.78 million,  an increase of Baht 129.70 million or 83.64%, when compared
with Baht 155.08 million of the same period of 2015.
    
Please be informed accordingly.

                            Sincerely yours,

                                  (Chairit    Simaroj)
                                  Managing Director
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