News Detail

Date/Time
11 May 2018 17:01:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2018
Symbol
SUSCO
Source
SUSCO
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                Management Discussion and Analysis

Company name                             : SUSCO PUBLIC COMPANY LIMITED
Year                                     : 2018
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2018
Note                                     :

                                                       TRANSLATION

No. Sor Kor. Bor Chor Ngor. 036/2560                                            
                                 May 11, 2018

Subject :     Submission of the Reviewed Interim Financial
                    Statements for the three - month period ended
                    March  31, 2018 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, 2018 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, 2018, 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 2018, the Company had a sales volume of 209.708 million 
litres, an increase of 25.268 million litres, or 13.70% from the same period of
2017, and the total revenues of Baht 4,465.22 million, an increase of Baht
563.95 million, or 14.46%, from the same period of 2017. The significant cause
of the increasing in the net sales revenue was the increasing of sales volume
and product prices and the increase in the average sales margin per litre.
In the first quarter of 2018, the Company had a profit before income tax of Baht
77.21 million, comparing with Baht 40.13 million of the same period of 2017, an
increase of Baht 37.08 million, or 92.39%. The significant causes of the
increasing in  the gross profit was the increase in the sales volume. The
Company net profit after income tax was Baht 61.72 million, an increase of Baht
29.37 million or 90.77%, comparing with Baht 32.35 million of the same period of
2017, the details of which are shown in the Separate Comprehensive Income
Statement attached herewith.
2    The Consolidated Financial Statements
In the first quarter of 2018, the Company and its subsidiaries had a total sales
volume of 314.971 million litres, an increase of 30.213 million litres, or
10.61%, from the same period of 2017, due to the increase in sales volume from
the export sales and jet fuel sales. The total revenues were Baht 6,723.99
million, an increase of Baht 764.19 million, or 12.82%, from the same period of
2017. The significant cause of the increasing in



the net sales revenue was due to an increase in sales volume and product prices 
and the increase in the average sales margin per litre.
In the first quarter of 2018, the Company and its subsidiaries had profit before
income tax of Baht 113.54 million, an increase of Baht 41.88 million, or
58.44%, from the same period of 2017. The significant causes was  the increased
in gross profit had increased due to the increase in the sales volume. The
Company net profit was Baht 91.71 million, an increase of Baht 28.36 million or
44.76%, comparing with Baht 63.35 million of the same period of 2017.
                                                                                







                                                                           
Please be informed accordingly.

                            Sincerely yours,

                               (Chairit    Simaroj)
                               Managing Director
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