News Detail

Date/Time
27 Feb 2017 22:21:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2016
Symbol
AUCT
Source
AUCT
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                Management Discussion and Analysis

Company name                             : UNION AUCTION PUBLIC COMPANY LIMITED
Year                                     : 2016
Quarter                                  : Yearly
Ending                                   : 31-Dec-2016
Note                                     :
Registration No. 0107555000341
(Translation)

AUCT-OP 27/2560    27 February 2017
Subject:    Management Discussion and Analysis for operating results of year 2016 
ending 31 December 2016
To:    The President
    The Stock Exchange of Thailand
The revenue from services of AUCT for year 2016 ending 31 December 2016 was at 
601.83 million Baht, decreasing by -116.90 million Baht or -16.26%, compared to
year 2015. Therefore, the net profit was at 125.61 million Baht, decreasing by
-63.19 million Baht or -33.47%, which is reduced by the market downturn of the
automotive industry despite it had special status in October 2016.
Presently automotive industry market got better compared to last year. The 
Company has diversified the auction services to other types of assets such as
agricultural vehicles, brand name product and service to the government sector
and state enterprise to increase the opportunity and minimize the risk of
reliability on automotive industry.
Additionally, the Company has already set up Action and Auction Company Limited,
which holds 50.998%, in order to increase the revenue for the Company by
expanding its customer base to end users.
Please be informed accordingly.
    
 
Yours sincerely,
Union Auction Public Company Limited


-Signature-
(Mr. Varunyoon Sila)
Director
Authorized Signatory
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