News Detail

Date/Time
19 Feb 2018 18:07:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2017
Symbol
SUSCO
Source
SUSCO
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                Management Discussion and Analysis

Company name                             : SUSCO PUBLIC COMPANY LIMITED
Year                                     : 2017
Quarter                                  : Yearly
Ending                                   : 31-Dec-2017
Note                                     :
                                                 TRANSLATION

No. Sor Kor. Bor Chor Ngor. 006/2561                                            
                             February 19, 2018

Subject :       Submission of the Audited Financial Statements for the
                       year  ended  December 31, 2017 together with  the
                       clarification on the main causes of  the variation  in
                       operating results, exceeding 20% from those of the
                       same periods of  the preceding year.

To :              The President
                     The Stock Exchange of Thailand

Enclosures : The  Audited Financial Statements for the year ended  December 31, 
2017 of  SUSCO  Plc. and  its subsidiaries and the Audit Report by the Certified
 Public Accountant.

Enclosed  are the Audited Financial Statements for the year ended  December 31, 
2017, and the  Audit Report by the Certified Public Accountant, with  the
clarification on the main causes of the variation  in operating  results,
exceeding 20%  from those of the same periods of the preceding year, which can
be summarized as follows :

1.    The Company's Financial Statements
In 2017, the Company had a sales volume of 751.866 million litres, an increase 
of 85.319 million litres, or 12.80% from the same period of 2016, and a total
revenue of Baht 15,536.87 million, an increase of Baht 2,932.99 million, or
23.27%, from the same period of 2016. The main reason was the increase in the
net sales revenue due to the increase in the sales volume and product prices .
The details of which are shown in the attached Separate Comprehensive Income
Statement.
The Company had a profit before income tax of Baht 309.71 million, a decrease of
Baht 16.33 million or 5.01% comparing with Baht 326.04 million of the same
periods of 2016 due to the decrease in the dividend income from the subsidiaries
and the increase in the transportations expenses following the higher sales
volume,  despite an increase in the gross profit and  a decrease in the
financing cost. The Company had net profit after income tax of Baht 265.68
million,  a decrease of  Baht 19.42 million, or 6.81% , comparing with Baht
285.10 million in the same period of 2016.

2    The Consolidated Financial Statements
In 2017, the Company and its subsidiaries had a total sales volume of 1,147.259 
million litres, an increase of 69.822 million litres, or 6.48%, from the same
period of 2016. The total revenue was Baht 23,424.94 million, an increase of
Baht 4,030.86 million, or 20.78%, from the same period of 2016. The significant
cause were: the increase in the net sales revenue due to the increase in sales
volume and product prices. The Company and its subsidiaries had profit before
income tax of Baht 399.58 million, an increase of Baht 83.79 million, or 26.53%
from the same period of 2016. The significant causes were: the increase in the
gross profit resulted from the increase in sales volume, and the decrease in the
 financing cost due to a  decrease in

interest expenses from loan repayment to financial institution. But due to the 
second quarter had the increase income tax expenses amount Baht 96.21 million,
as previously reported to the Stock Exchange of Thailand on June 29, 2017.  As a
result, the Company and its subsidiaries had profit after income tax of Baht
222.55 million, a decrease of Baht 62.24 million, or 21.85%, when comparing with
 Baht 284.78 million in the same period of 2016.


Please be informed accordingly.

                                     Sincerely yours,

                                      (Chairit    Simaroj)
                                      Managing Director
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