28 Feb 2019 21:10:00
Management Discussion and Analysis Yearly Ending 31 Dec 2018
Management Discussion and Analysis Company name : CHONBURI CONCRETE PRODUCT PUBLIC COMPANY LIMITED Year : 2018 Quarter : Yearly Ending : 31-Dec-2018 Note : No.CM.1/62/018 February 28, 2019 Subject Management Discussion and Analysis of Chonburi Concrete Product Public Company Limited for the year ended December 31, 2018 Attention President The Stock Exchange of Thailand Attachment: Auditor report and Financial Statement for the year ended December 31, 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 year ended December 31, 2018. The Company recorded a loss attributed to equity holders of the parent of THB 70.63 million, decreasing by THB 48.10 million compared to the previous year which recorded a loss attributed to equity holders of the parent of THB 22.53 million. The details are as follows: 1. For 2018, the Company had total revenue of THB 2,481.40 million, increasing by THB 118.81 million or rose 5.03 percent compared to the previous year which was THB 2,362.59 million. The total revenue were seen as the revenue stream from the Company of THB 1,564.56 million, increasing by THB 3.03 million or rose 0.19 percent together with its subsidiaries' revenue of THB 916.84 million, increasing by THB 55.60 million or rose 6.94 percent since there was a sign of economy recovery, resulting in more goods delivery in 2018. 2. For 2018, the Company had total cost of goods sold and services of THB 2,218.85 million which was accounted for 7.23 percent of gross profit margin for the period, in contrast, the previous year's total cost of goods sold and services was valued at THB 2,160.36 million which was 7.62 percent of gross profit margin. Rise in material price and more intense in price competition resulting in a decrease of the Company's gross profit margin. 3. For 2018, the Company recorded THB 211.81 million for sales and administrative expenses, increasing by THB 14.30 million or rose 7.24 percent compared to the previous year since the Company's allowance for doubtful account and the Subsidiary's administrative expense increased. 4. For 2018, the Company had the financial expenses of THB 45.18 million, increasing by THB 6.45 million or rose 16.65 percent compared to the previous year's balance of THB 38.73 million due to the additional debt for improving machineries and factories. 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 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.