News Detail

Date/Time
14 May 2018 12:32:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2018
Symbol
CTW
Source
CTW
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                Management Discussion and Analysis

Company name                             : CHAROONG THAI WIRE & CABLE PUBLIC 
COMPANY LIMITED
Year                                     : 2018
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2018
Note                                     :
CTW023/2018
                                                     May 14, 2018

Subject   :  Management Discussion and Analysis for the first quarter
                    of 2018

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 2018,
three-month period, ended 31 March 2018 as follows:
                                                                                
           (Unit : Million Baht)
     Operating Results             The first quarter (three-month period)
                                                        2018           2017         
Change
                                                                                Million 
Baht    %
Total revenues                        1,843.64       1,570.06     273.58      17.42
Profit attributable to
equity holders of CTW             68.60             45.74      22.86        49.97
Earnings per share (Baht/Share)   0.17                0.11            

Profit (Loss)
     Profit attributable to equity holders of CTW of THB 68.60 million
increased by THB 22.86 million or 49.97% from profit of THB 45.74
million in the same period of 2017, caused by the following main
reasons:

Revenue from Sales
     Revenue from sales of THB 1,813.96 million increased by THB
256.34 million or 16.46% when compared with THB 1,557.62 million
in the same period of the previous year.  In the first quarter of 2018,
the Company and its subsidiaries had revenue from Enameled and
non-enameled wire of THB 938.65 Million, followed by Power cable
of THB 821.71 Million, Fiber optic cable of THB 33.62 Million and
Communication cable of THB 13.24 Million, respectively.

Other Income
     Other Income of THB 29.67 million increased by THB 17.24 million
or 138.63% from THB 12.44 million in the same period of 2017 since
there was increase in gain on exchange rate of THB 18.73 million
arising from the strength of the Thai Baht against the US dollar.

Expenses
     Total expenses of THB 1,752.86 million increased by THB 246.58
million or 16.37% from THB 1,506.29 million in the first quarter of
2017, details were summarized as follows.

1.    Cost of Sales
       Total cost of sales in the third quarter of 2018 of THB 1,694.71
million increased by THB 253.73 million or 17.61% when compared
with THB 1,440.97 million in the same period of 2017.  In the first
quarter of 2018, the gross profit was THB 119.26 million, increasing
by THB 2.61 million or 2.23% from THB 116.65 million in the same
period of the previous year.  The gross profit margin was 6.57% which
decreased from 7.49% in the same period of 2017.

2.    Selling Expenses
       Selling expenses of THB 23.39 million decreased by THB 2.88
million or 10.96% from THB 26.27 million in the same period of 2017
due to decrease in the commission fee and transportation fee.

3.    Administrative Expenses
       Administrative expenses of THB 34.77 million decreased by THB
4.28 million or 10.95% from THB 39.04 million in the same period of
2017 since there was reversal of allowance for doubtful account of
THB 10.13 million in the first quarter of 2018, arising from the
repayment from trade accounts receivable of the Company and its
subsidiaries.

4.    Finance Cost
       Finance cost of THB 9.07 million increased by THB 1.94 million or
27.30% from THB 7.12 million in the same period of the previous year
which were mainly the interest expenses of trust receipts.

          Please be informed accordingly.

                                                     Sincerely yours,
                               

                                                  (Mr. Sun Tao-Heng)
                                                   Managing Director
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