News Detail

Date/Time
14 Nov 2017 12:41:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30 Sep 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 3
Ending                                   : 30-Sep-2017
Note                                     :
CTW035/2017
                                                   November 14, 2017

Subject   : Management Discussion and Analysis for the third 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 third quarter of 2017,
three-month period, ended 30 September 2017 as follows:
                                                                                
           (Unit : Million Baht)
             Operating Results         The third quarter (three-month period)
                                                         2017        2016              
Change
                                                                                      
Baht             %
Total revenues                        2,350.18    1,689.61        660.57      39.10
Profit attributable to
equity holders of CTW            158.64         45.48        113.16    248.83
Earnings per share (Baht/Share)    0.40           0.11            

Profit (Loss)
    Profit attributable to equity holders of CTW of THB 158.64 million
increased by THB 113.16 million or 248.83% from profit of THB 45.48
million in the same period of 2016, caused by the following main
reasons:

Revenue from Sales
     Revenue from sales of THB 2,322.53 million increased by THB
643.65 million or 38.34% when compared with THB 1,678.88 million
in the same period of the previous year.  In the third quarter of 2017,
the Company and its subsidiaries had revenue from Power cable of
THB 1,154.77 million, followed by Enameled and Non-enameled wire
of THB 1,095.40 million, Fiber optic cable of THB 39.63 million and
Communication cable of THB 31.62 million, respectively.

Other Income
     Other Income of THB 27.65 million increased by THB 16.92 million
or 157.68% from THB 10.73 million in the same period of 2016 since
the gain on exchange rate increased by  THB 5.55 million and its a
subsidiary has the right to receive dividends for the year 2016 and
2017 from its investment in Hong Kong of THB 10.74 million.

Expenses
    Total expenses of THB 2,146.76 million increased by THB 515.70
million or 31.62% from THB 1,631.06 million in the third quarter of
2016, details were summarized as follows.

1.    Cost of Sales
       Total cost of sales in the third quarter of 2017 of THB 2,076.63
million increased by THB 507.87 million or 32.37% when compared
with THB 1,568.76 million in the same period of 2016.  In the third
quarter of 2017, the gross profit was THB 245.90 million, increasing
by THB 110.12 million from the same period of the previous year.
The gross profit margin was 10.59% which increased from 6.56%
in the same period of 2016.

2.    Administrative Expenses
       Administrative expenses of THB 45.44 million increased by THB
7.71 million or 20.42% from THB 37.74 million in the same period of
2016 since the Company increased allowance for doubtful accounts
and its a subsidiary paid pollution fines.

3.    Finance Cost
       Finance cost of THB 8.60 million increased by THB 2.74 million or
46.81% from THB 5.86 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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