News Detail

Date/Time
13 Nov 2018 17:08:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30 Sep 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 3
Ending                                   : 30-Sep-2018
Note                                     :
CTW043/2018
                                                     November 13, 2018

Subject   : Management Discussion and Analysis for the third 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 third  quarter of 2018,
three-month period, ended 30 September 2018 as follows:
                                                                                
          (Unit : Million Baht)
   Operating Results            The third quarter (three-month period)
                                              2018          2017                   Change
                                                                       Million Baht      
 %
Total revenues                1,994.10     2,322.53       (328.44)      (14.14)
Profit attributable to
equity holders of CTW      65.11        158.64         (93.52)        (58.95)
Earnings per share
(Baht/Share)                                0.16            0.40            

Profit
     Profit attributable to equity holders of CTW of THB 65.11 million
decreased by THB 93.52 million or 58.95% from profit of THB 158.64
million in the same period of 2017, caused by the following main
reasons:

Revenue from Sales
     Revenue from sales of THB 1,994.10 million decreased by THB
328.44 million or 14.14% when compared with THB 2,322.53 million
in the same period of the previous year.  In the third quarter of 2018,
three-month period, the Company and its subsidiaries had revenue
from Enameled and non-enameled wire of THB 1,336.87 Million,
followed by Power cable of THB 619.38 Million, Communication cable
of THB 18.79 Million and Fiber optic cable of THB 15.76 Million,
respectively.

Other Income
     Other Income of THB 14.66 million decreased by THB 12.99 million
or 46.97% when compared with THB 27.65 million in the same period
of the previous year, since a subsidiary received dividend from other
long-term investment in other company of THB 10.74 million.

Expenses
     Total expenses of THB 1,932.18 million decreased by THB 214.58
million or 10.00% from THB 2,146.76 million in the same period of the
previous year, details were summarized as follows.

   1.    Cost of Sales
       Total cost of sales in the third quarter of 2018 of THB 1,854.45
million decreased by THB 222.18 million or 10.70% when compared
with THB 2,076.63 million in the same period of the previous year,
which varied depending on the decrease in sales.  In the third quarter
of 2018, the gross profit was THB 139.65 million, decreasing by THB
106.25 million or 43.21% from THB 245.90 million in the same period
of the previous year.  The gross profit margin was 7.00% which
decreased from 10.59% in the same period of 2017.  As a result of,
the third quarter of 2018, the Company and its subsidiaries set
allowance for diminution in value of inventories which were included in
the cost of sales while they reversed the allowance for diminution in
value of inventories which were deducted from the cost of sales in the
same quarter of last year.

   2.    Selling Expenses
       Selling expenses of THB 31.11 million increased by THB 6.42
million or 26.02% from THB 24.69 million in the same period of the
previous year due to increase in the sales promotion and
transportation fee.

   3.    Administrative Expenses
       Administrative expenses of THB 46.62 million increased by THB
1.18 million or 2.60% from THB 45.44 million in the same period of the
previous year because a subsidiary set up additional allowance for
doubtful accounts of THB 1.02 million.

   4.    Finance Cost
       Finance cost of THB 10.69 million increased by THB 2.08 million
or 24.22% from THB 8.60 million in the same period of the previous
year which were mainly the interest expenses of trust receipts.

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