News Detail

Date/Time
11 Aug 2017 21:49:00
Headline
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2017
Symbol
CCP
Source
CCP
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                Management Discussion and Analysis

Company name                             : CHONBURI CONCRETE PRODUCT PUBLIC 
COMPANY LIMITED
Year                                     : 2017
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2017
Note                                     :
No. CM.1/60/078


Augut 11,2017

Subject            Management Discussion and Analysis of Chonburi Concrete Product 
Public Company Limited for the quarter ended June 30, 2017

Attention     President
                The Stock Exchange of Thailand

Attachment:    Auditor report and Financial Statement for the quarter ended June
 30, 2017    

Chonburi Concrete Product Public Company Limited ("the Company") would like to 
declare the Company's performance by considering the Company's consolidated
financial statement for the quarter ended June 30, 2017. The Company recorded a
loss attributed to equity holders of the parent of THB 8.78 million, increased
by THB 3.74 million or down 74.20 percent compared to the same period of the
previous year in which the Company saw a loss attributed to equity holders of
the parent of THB 5.04 million. The details are as follows:

1. For quarter 2 year 2017, the Company had total revenue of THB 542.25 million,
decreased by THB 18.81 million or down 3.35 percent compared to the same period
of the previous year. The total revenue were seen as the revenue stream from
the Company of THB 352.54 million, decreased by 15.24 million or down 4.14
percent together with its subsidiaries' revenue of THB 189.71 million, decreased
by THB 3.58 million or fall 1.85 percent. A slowdown in construction materials
industry as well as high price competition plays a crucial role behind the
plunge in total revenue.

2.  For quarter 2 year 2017, the Company had total cost of goods sold and 
services of THB 494.87 million which is accounted for 7.81 percent of its gross
profit margin for the period, in contrast, the previous year's total cost of
goods sold and services was valued at THB 509.58 million which made up 8.59
percent of gross profit margin. In this regard, a declining average price of
construction material's goods in the market led by price competition is the key
factor on the drop in the Company's gross profit margin.

3.  For quarter 2 year 2017, the Company recorded THB 45.80 million for selling,
general and administrative expenses, decreased by THB 1.52 million or down 3.22
percent compared to same period of the previous year since the Company has
changed its structure corresponded to the market situation in order to decrease
the unnecessary expenses.

4.  For quarter 2 year 2017, the Company posted the financial expenses of THB 
9.77 million, increased by THB 1.42 million or up 17.06 percent compared to same
period previous year's balance of THB 8.34 million due to the additional
investment for machineries and factories.


Remark: 1) Gross profit and its margin are based on the income from its core 
business's activities such as revenue from sales and rental and service's
income.
2) Decimal numbers shown in this management discussion and analysis are likely 
to be different from the Company's financial statement due to the rounding to
2-digit and unit changed to million baht.


Please be informed accordingly,

       Best regards


.....................................................
(Mr. Pratheep Theepakornsukkasem)
Chairman of the Board of Directors
Chonburi Concrete Product Public Company Limited
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