27 Feb 2018 17:55:00
Management Discussion and Analysis Yearly Ending 31 Dec 2017
Management Discussion and Analysis Company name : THANULUX PUBLIC COMPANY LIMITED Year : 2017 Quarter : Yearly Ending : 31-Dec-2017 Note : (Translation) February 20, 2018 Subject : Management Discussion and Analysis on operating result for the year 2017. Attention : Director and Manager of the Stock Exchange of Thailand Thanulux Public Company Limited would like to clarify the performance of the Company and its subsidiaries. As shown in Comprehensive Income Statement for the year 2017 ended on 31 December 2017, the Company and its subsidiaries net sales was Baht 1,858.68 million, decreases Baht 150.08 million or 7.47 percent from the same period of 2016, with net profit of Baht 152.11 million, decreases Baht 53.19 million or 25.91 percent from the same period of 2016. The reasons are as follow: 1. Decrease of sales at the amount of Baht 150.08 million or 7.47 percent due to 1.1 Domestic sales decreased 3.00 percent Due to unrecovered domestic economic situation caused the customers to be more cautious in spending. Plus changes in consumer behavior resulting in higher competition in line with distribution channels which become more various. 1.2 Export sales decreased 15.98 percent - Orders: Foreign customers delay the order as a result of their domestic economic situation and some customers shifted their production bases. - Exchange rate: Baht appreciation comparing to Euro, US Dollars and Japanese Yen. 2. Proportion of cost of goods sold to sales revenue in 2017 was 71.02 percent, increased 1.51 percent compared to 69.51 percent in 2016 due to decrease in sales quantity and high price competition, including Baht appreciation comparing to Euro, US Dollars and Japanese Yen. 3. Decrease of sales proportion of products with high gross margin, resulting in decrease of gross margin. The Company and its subsidiaries are able to manage selling and administrative expenses effectively. In addition, overall financial standing and liquidity are satisfactory and stable. Please kindly acknowledge and publicize accordingly. Faithfully Yours, Supotch Pakaworawuth, Dusadee Soontrontumrong (Mr. Supotch Pakaworawuth, Ms. Dusadee Soontrontumrong) Managing Director, Deputy Managing Director and CFO This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.