News Detail

Date/Time
11 Aug 2017 17:06:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 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 2
Ending                                   : 30-Jun-2017
Note                                     :
CTW028/2017
                                                  August 11, 2017

Subject   : Management Discussion and Analysis for the second
                   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 second quarter of 2017,
three-month period, ended 30 June 2017 as follows:
                                                                                
           (Unit : Million Baht)
        Operating Results      The second quarter (three-month period)
                                                  2017        2016                   
Change
                                                                                Baht        
   %
Total revenues              1,712.63    1,831.26       (118.64)       (6.48)
Profit attributable to
equity holders of CTW        31.94       186.28          (154.34)        (82.85)
Earnings per share
(Baht/Share)                             0.08           0.47            

Profit (Loss)
     Profit attributable to equity holders of CTW of THB 31.94 million,
decreased by THB 154.34 million or 82.85% from profit of THB
186.28 million in the same period of 2016, caused by the following
main reasons:

Revenue from Sales
     Revenue from sales of THB 1,683.16 million increased by THB
31.42 million or 1.90% when compared with THB 1,651.74 million in
the same period of the previous year.  In the second quarter of 2017,
the Company and its subsidiaries had revenue from Enameled and
Non-enameled wire of THB 1,019.16 million, Power cable of
THB 616.12 million, Fiber optic cable of THB 30.55 million and
Communication cable of THB 16.43 million, respectively.

Other Income
     Other Income of THB 29.47 million decreased by THB 150.06
million or 83.59% from THB 179.52 million in the same period of 2016
since the Company had gain on of investment property, land not
being used for operation, of THB 156.75 million in the second quarter
of 2016.

Expenses
     Total expenses of THB 1,667.05 million increased by THB 83.36
million or 5.26% from THB 1,583.69 million in the second quarter of
2016, details were summarized as follows.

   1.    Cost of Sales
       Total cost of sales in the second quarter of 2017 of THB 1,593.96
million, including the allowance for diminution in value of inventories
of THB 11.37 million increased by THB 91.62 million or 6.10% when
compared with THB 1,502.35 million in the same period of 2016,
which reversed allowance for diminution in value of inventories of
THB 37.30 million.  In the second quarter of 2017, the gross profit was
THB 89.20 million, decreasing by THB 149.39 million from the same
period of the previous year.  The gross profit margin was 5.30% which
dropped from 9.04% in the same period of 2016.

   2.    Selling Expenses
       Selling expenses of THB 23.73 million increased by THB 0.88
million or 3.84% from THB 22.86 million in the same period of 2016
due to increase in the tender fee and transportation fee.

   3.    Finance Cost
       Finance cost of THB 7.35 million increased by THB 0.94 million or
14.58% from finance cost of THB 6.41 million in the same period of
the previous year which was mostly interest payment of trust receipts.

     Please be informed accordingly.
                                                   Sincerely yours,
                               
                                       (Mrs. Sununtha  Phaengsook)
                                   Asst. Managing Director (Finance)
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