News Detail

Date/Time
12 May 2017 18:15:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2017
Symbol
CTW
Source
CTW
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                Management Discussion and Analysis

Company name                             : CHAROONG THAI WIRE & CABLE PUBLIC 
COMPANY LIMITED
Year                                     : 2017
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2017
Note                                     :
CTW020/2017
                                                          May 12, 2017

Subject   : Management Discussion and Analysis for the first quarter
                   of 2017

To            : President
                   The Stock Exchange of Thailand     

          Charoong Thai Wire and Cable Plc.(CTW) would like to clarify the 
Company and its subsidiaries' operating results based on the consolidated
financial statements for the first quarter of 2017,
three-month period, ended 31 March 2017 as follows:

                                                                                
        (Unit : Million Baht)
            Operating Results         The first quarter (three-month period)
                                                    2017        2016                 
Change
                                                                                    Baht    
   %
Total revenues                        1,570.06     1,191.79      378.27     31.74
Profit(Loss) attributable to
equity holders of CTW             45.74           (8.50)        54.24    638.24
Earnings per share
(Baht/Share)                                     0.115        (0.021)             

Profit (Loss)
    Profit attributable to equity holders of CTW of THB 45.74 million,
increased by THB 54.24 million or 638.24% from loss of THB 8.50
million in the same period of 2016, caused by the following main
reasons:

Revenue from Sales
     Revenue from sales of THB 1,557.62 Million, increased by THB
380.55 Million or 32.33% when compared with THB 1,177.07 Million
in the same period of the previous year.  In the first quarter of 2017
the Company and its subsidiaries had revenue from Enameled and
non-enameled wire of THB 940.98 Million, Power cable of THB 530.51
Million, Fiber optic cable of THB 64.82 Million and Communication
cable of THB 21.09 Million, respectively.

Other Income
     Other Income of THB 12.44 million, decreased by THB 2.29 million
or 15.54% from THB 14.72 million in the same period of 2016, since
there was gain on exchange of THB 8.42 million in the first quarter of
2017, which there was gain on exchange of THB 10.67 in the first
quarter of 2016.

Expenses
    Total expenses of THB 1,506.29 million, increased by THB 317.41
million or 26.70% from THB 1,188.88 million in the first quarter of
2016, details were summarized as follows.

   1.    Cost of Sales
       Total cost of sales of THB 1,440.97 million increased by THB
318.37 million or 28.36% from THB 1,122.60 million in the same
period of 2016, which varied depending on sales.  In the first quarter
of 2017, gross profit of Baht 116.65 million, increased by Baht 54.47
million.  Gross profit margin was calculated at 7.49%, while it was
4.63% in the same period of 2016.

   2.    Selling Expenses
       Selling expenses of THB 26.27 million increased by THB 3.98
million or 17.86% from THB 22.29 million in the same period of 2016
due to increase in the commission fee and transportation fee.

   3.    Administration Expenses
       Administration expenses of THB 39.04 million decreased by THB
4.95 million or 11.24% from THB 43.99 million in the same period of
2016, since there was reversal of  allowance for doubtful account of
THB 4.42 million in the first quarter of 2017, arising from  the
repayment from trade accounts receivable of the Company and its
subsidiaries.

   4.    Finance Cost
       Finance cost of THB 7.12 million increased by THB 1.80 million or
33.75% from finance cost of THB 5.32 million in the same period of
the previous year due to increase in the letter of credit and trust
receipts.

   5.    Tax expenses
       Tax expenses of THB 12.59 million, increased by THB 5.69 million
or 82.58% from tax expenses of THB 6.90 million in the same period
of the previous year since the Company had the corporate income tax
to pay during the first quarter of 2017.

          Please be informed accordingly.

                                                         Sincerely yours,
                               
                                            (Mrs. Sununtha  Phaengsook)
                                         Asst. Managing Director (Finance)
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