News Detail

                Management Discussion and Analysis

Company name                             : CHONBURI CONCRETE PRODUCT PUBLIC 
COMPANY LIMITED
Year                                     : 2018
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2018
Note                                     :
No.CM.1/61/112

November 14, 2018

Subject    Management Discussion and Analysis of Chonburi Concrete Product Public 
Company Limited for the quarter ended September 30, 2018

Attention    President
        The Stock Exchange of Thailand

Attachment:        Auditor report and Financial Statement for the quarter ended 
September 30, 2018    

Chonburi Concrete Product Public Company Limited ("the Company") would like to 
declare the Company's performance by considering the Company's consolidated
financial statements for the quarter ended September 30, 2018. The Company
recorded a loss attributed to equity holders of the parent of THB 46.91 million,
compared to the same period of the previous year which recorded a profit
attributed to equity holders of the parent of THB 5.48 million. The details are
as follows:

1. For quarter 3 of 2018, the Company had total revenue of THB 682.80 million, 
increasing by THB 49.66 million or rose 7.84 percent compared to the same period
of the previous year. The total revenue was seen as the revenue stream from the
Company of THB 453.53 million, increasing by THB 41.88 million or rose 10.17
percent. For the Company's subsidiaries' revenue of THB 229.27 million,
increasing by THB 7.78 million or rose 3.51 percent since there were the
increase in sales volume and sales price.

2. For quarter 3 of 2018, the Company had total cost of goods sold and services 
of THB 581.51 million which was accounted for 5.44 percent of its gross profit
margin, in contrast, the same period of the previous year's total cost of goods
sold and services was THB 576.78 million which was 7.78 percent of gross profit
margin. The decrease of gross profit margin was the result of increase in main
raw manufacturing material for quarter 3 of 2018 as the sales price is improving
 continuously.

3.  For quarter 3 of 2018, the Company recorded THB 52.48 million for sales and 
administrative expenses, increasing by THB 9.32 million or rose 21.59 percent
compared to the same period of the previous year since the Company set the
allowance for doubtful account of THB 6.00 and administrative expenses of the
subsidiary increased corresponding to the sales of THB 3.32 million.

4. For quarter 3 of 2018, the Company had the financial expenses of THB 12.54 
million, increasing by THB 2.20 million or rose 21.31 percent compared to the
previous year's balance of THB 10.34 million due to the additional debt for
improving machineries and factories.

5. For quarter 3 of 2018, the company set provision for corporate income tax 
penalty from the Revenue Department of THB 77.06 million. The company is in the
process of appealing the tax assessment.

Remark:     1) Gross profit and gross profit margin are based on the income from 
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 statements 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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