13 Nov 2019 18:47:00
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2019
Management Discussion and Analysis Company name : CHONBURI CONCRETE PRODUCT PUBLIC COMPANY LIMITED Year : 2019 Quarter : Quarter 3 Ending : 30-Sep-2019 Note : No.CM.1/62/085 November 13, 2019 Subject Management Discussion and Analysis of Chonburi Concrete Product Public Company Limited for the quarter ended September 30, 2019 Attention President The Stock Exchange of Thailand Attachment: Auditor report and Financial Statement for the quarter ended September 30, 2019 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, 2019. The Company recorded a profit attributed to equity holders of the parent of THB 26.06 million increasing by THB 72.97 million compared to the same period of the previous year which recorded a loss attributed to equity holders of the parent of THB 46.91 million. The details are as follows: 1. For quarter 3 of 2019, the Company had total revenue of THB 692.54 million, increasing by THB 9.74 million or rose 1.43 percent compared to the same period of the previous year. The total revenue was seen as the revenue stream from the Company of THB 402.48 million, decreasing by THB 51.06 million or fell 11.26 percent and from the Company's subsidiaries' revenue of THB 290.06 million, increasing by THB 60.79 million or rose 26.52 percent. The increase in total revenue of THB 9.74 million was due to the increase in sales and service revenue of THB 69.14 million since the sale volume and sale price rose. However, other incomes decreased by THB 59.40 million since the previous year had the revenue from selling ready-mix concrete factory. 2. For quarter 3 of 2019, the Company had total cost of goods sold and services of THB 592.56 million which was accounted for 13.84 percent of gross profit margin, while the same period of the previous year's total cost of goods sold and services was THB 581.51 million which was 6.00 percent of gross profit margin. The increase of gross profit margin was the result of the improvement of sales prices. 3. For quarter 3 of 2019, the Company recorded THB 55.39 million for sales and administrative expenses, increasing by THB 2.90 million or rose 5.33 percent compared to the same period of the previous year. 4. For quarter 3 of 2019, the Company had the financial expenses of THB 9.94 million, decreasing by THB 2.60 million or fell 20.70 percent compared to the previous year's balance of THB 12.54 million due to the decrease in the Company's debt. 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.