11 Aug 2017 12:35:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2017
Management Discussion and Analysis Company name : FURUKAWA METAL (THAILAND) PUBLIC COMPANY LIMITED Year : 2017 Quarter : Quarter 2 Ending : 30-Jun-2017 Note : 11 August 2017 Subject : Management's Discussion and Analyst of Operating Results of 2nd Quarter in 2017 Attn : Managing Director and Manager of Stock Exchange of Thailand From the results of the second quarter ended 30 June 2017, the Company's net profit was 39 million baht - a decrease of 15 million baht or 27.8 % due to 1. Gross profit of 2017 decreased 26.8 million baht, a 20.2 % compared with 2016 due to LME price was higher than 2016 and high competitive on pricing in 2017. Unit : Million baht 2017 2016 Increase / (Decrease) Sales amount 1,605 1,436 168 - Demand of air-conditioner and refrigerator increased. Cost of good sold 1,498 1,304 195 - Higher increase than sales amount. Due to LME price was higher than 2016 and high competitive on pricing in 2017 including sales quantity of high margin product was decreased. 2. A decreasing of exchange gain 1.5 million baht or 82.3 % compared with the previous year as the result of more strength of Thai baht. 3. Other income was increased 5.5 million baht or 295.5 % from previous year due to gain on hedging cost of material 6.8 million baht. 4. Operating expenses of 2017 decreased 4 million baht, a 5.8 % compared with 2016 due to Unit : Million baht 2017 2016 Increase / (Decrease) Operating expenses 61 56 5 - Selling expense increased due to sales quantity increased. Loss on Hedging cost of material 0 9 (9) - Customer absorbs in delivery month. For your information Sincerely yours, ____________________________________________ ( Mr. Takashi Yamamoto and Mr. Makoto Kasuga ) 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.