News Detail

Date/Time
13 May 2019 17:03:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
Symbol
SUSCO
Source
SUSCO
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                Management Discussion and Analysis

Company name                             : SUSCO PUBLIC COMPANY LIMITED
Year                                     : 2019
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2019
Note                                     :

                                                      TRANSLATION

No. Sor Kor. Bor Chor Ngor. 032/2562                                            
                                    May 13, 2019

Subject :       Submission of the Reviewed Interim Financial Statements for the 
three - month period ended  March 31, 2019 together with  the explanation of the
significant causes affecting the operating results to vary more than 20% from
those of the same period of  the preceding year.

To :              The President
                     The Stock Exchange of Thailand

Enclosures : The  Reviewed Interim Financial Statements for the three - month 
period ended March 31, 2019 of  SUSCO  Plc. and its subsidiaries and the Review
 Interim Financial Report by the Certified Public Accountant.

Enclosed  are the Reviewed Interim Financial Statements for the three-month 
period ended  March 31, 2019, and the Reviewed Interim Financial Report by the
Certified Public Accountant, with  the explanation of the significant causes
affecting the operating results to vary more than 20% from those of the same
period of the preceding year, which can be summarized as follows :

1.    The Company's Financial Statements
In the first quarter of 2019, the Company had a sales volume of 220.764 million 
litres, an increase of 11.056 million  litres, or 5.27% from the same period of
2018, and the total revenues of Baht 4,389.80 million, a decrease of Baht 76.94
million, or 1.72%, from the same period of 2018. The significant cause of the
decrease in the net sales revenue was the decrease in product prices. While the
increase in the other revenue was mainly contributed from the increase in the
gain on sale of assets.
In the first quarter of 2019, the Company had a profit before income tax of Baht
151.97 million, an increase of Baht 74.76 million, or 96.84%, comparing with
Baht 77.21 million of the same period of 2018. The significant causes of the
increasing in  the gross profit was the increase in the sales volume, and the
increase in the other revenue from the increase in the gain on sale of assets.
The Company net profit after income tax was Baht 120.99 million, an increase of
Baht 59.27 million or 96.03%, comparing with Baht 61.72 million of the same
period of 2018, the details of which are shown in the Separate Comprehensive
Income Statement attached herewith.
2    The Consolidated Financial Statements
In the first quarter of 2019, the Company and its subsidiaries had a total sales
volume of 345.468 million litres, an increase of 30.497 million litres, or
9.68%, from the same period of 2018. The total revenues were Baht 6,931.47
million, an increase of Baht 205.98 million, or 3.06%, from the same period of
2018. The significant cause of the increasing in the net sales revenues were due
to the  increase in sales volume and the increase in the average sales margin
per litre, and the increase in the other revenue from the increase in the gain
on sale of assets.
In the first quarter of 2019, the Company and its subsidiaries had profit before
income tax of Baht 205.85 million, an increase of Baht 92.32 million, or
81.31%, from the same period of 2018. The significant causes was  the increased
in gross profit due to the increase in the sales volume, and the increase in the
other revenue from the increase in the gain on sale of assets. The Company and
its subsidiaries had net profit was Baht 164.03 million, an increase of Baht
72.32 million or 78.86%, comparing with Baht 91.71 million of the same period of
 2018.
                                                                                







                                                                           
Please be informed accordingly.

                            Sincerely yours,


                                        (Chairit    Simaroj)
                                 Managing Director
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