News Detail

Date/Time
28 Feb 2017 20:16:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2016
Symbol
CCP
Source
CCP
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                Management Discussion and Analysis

Company name                             : CHONBURI CONCRETE PRODUCT PUBLIC 
COMPANY LIMITED
Year                                     : 2016
Quarter                                  : Yearly
Ending                                   : 31-Dec-2016
Note                                     :
No. CM.1/60/017
                        28 February 2017

Subject           Management Discussion and Analysis of Chonburi Concrete Product 
Public Company Limited for the year ended 31 December 2016
                
Attention            President
                The Stock Exchange of Thailand
Attachment:       Auditor report and Consolidated Financial Statement for the 
year ended 31 December 2016

    Chonburi Concrete Product Public Company Limited ("the Company") would like to 
declare the Company's performance for the year ended 31 December 2016 according
to consolidated financial statement. Of which, the Company recorded a profit
attributable to equity holders of the parent of THB 11.83 million, decreased by
THB 41.84 million or down 77.96 percent compared to the previous year. The
further details are as follows:

1.    In 2016, the Company posted a total revenue of THB 2,326.22 million, 
decreased by THB 87.86 million or down 3.64 percent year-on-year. A source of
total revenue was seen as an income stream from the Company's revenue of THB
1,541.79 million, increased by THB 47.21 million or up 3.16 percent compared to
the previous year together with its subsidiaries' revenue of THB 784.42 million,
fell by THB 135.07 million or down 14.69 percent year-on-year. An economy
slowdown along with high price competition, especially autoclaved aerated
concrete, play a crucial role behind the plunge in total revenue.

2.    In 2016, the Company had total cost of goods sold and services of THB 
2,087.04 million which is accounted gross profit margin of 9.86 percent, by
contrast, the previous year's total cost of goods sold and services was valued
at THB 2,125.28 million which made up 11.45 percent of gross profit margin. The
price war in construction material's industry led by those suspensions in mega
project is the key factor over the drop in the Company's gross profit margin.

3.    In 2016, the Company recorded THB 189.27 million for selling, general and 
administrative expenses, which was similar to the year before valued at THB
188.91 million due to expenses controlling policy.

4.    In 2016, the Company posted the finance cost of THB 33.59 million, rose by 
THB 5.15 million or up 18.09 percent compared to previous year due to an
investment loan to overhaul machineries and factory.
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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