27 Feb 2017 17:57:00
Management Discussion and Analysis Yearly Ending 31 Dec 2016
Management Discussion and Analysis Company name : THAI FACTORY DEVELOPMENT PUBLIC COMPANY LIMITED Year : 2016 Quarter : Yearly Ending : 31-Dec-2016 Note : NO. F/60 - 154 27 February 2017 Subject : The Company results of operations for the year ended 31 December 2016 Attention : Director and Manager of The Stock Exchange of Thailand Thai Factory Development Public Company Limited (Company) would like to declare the audited financial position and the company results of operations for the year ended 31 December 2016 which have been audited by the Independent Auditor as at 27 February 2017. The Company hereby clarifies the changes in performance for the year ended 31 December 2016 as follows: 1. In 2016, the Company reported total income of Baht 986.25 million increased by Baht 138.13 million or presenting 16.28% from that of the same period of last year due to increasing in sale of condominium units and gain on change in value of trading securities. 2. In 2016, the Company had cost of sale and expenses were equal to Baht 923.43 million increased by Baht 78.64 million or presenting 9.30% from the same period of last year due to increasing in expenses related to total income. 3. Financial cost in 2016 was equal to Baht 391.68 million increased by Baht 45.61 million or presenting 13.17% from the same period of last year. The major financial cost increased due to borrowing for business expansion. 4. In 2016, the Company reported net losses amounted of Baht 318.35 million increasing by Baht 17.46 million or presented 5.80% Please be informed accordingly. Sincerely yours, (Mr.Gumpol Tiyarat) 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.