Financial Highlights

+3.8% YoY
+0.7% YoY
Note : The Company has adopted new accounting standard (TFRS 15)
Excl one-off* : -3.9% YoY
-10.2% YoY
Note : One-off items/special items Bt 265.3 m included:
  1) associate’s loss on investment Bt (178.4) m,
2) provision for retirement benefits Bt (49.8) m, and
3) tax expenses of indirect associate in Vietnam Bt (37.1) m
Excl one-off* : +0.3% YoY
-12.2% YoY
Note : One-off items/special items Bt 265.3 m included:
  1) associate’s loss on investment Bt (178.4) m,
2) provision for retirement benefits Bt (49.8) m, and
3) tax expenses of indirect associate in Vietnam Bt (37.1) m
  • Total Revenue
  • EBITDA
  • Net Profit


Statement of comprehensive income (Bt m) 9M18(1) 9M19(1)
Total sales 19,153 18,975
Revenue from sales of goods 8,264 8,377
Rental income 2,732 2,956
Other income(2) 696 801
Total revenue 22,581 22,731
Net revenue 11,692 12,134
Cost of sales of goods 3,629 3,918
Selling expenses 4,713 4,820
Administrative expenses 1,055 1,167
Finance costs 33 16
Total expenses 9,430 9,921
Share of profit of associates 388 133
Profit before income tax expense 2,650 2,345
Income tax expense 408 395
Net profit 2,120 1,861
Net profit (Excl. one off/special items)(3) 2,120 2,127

 

Statement of financial position (Bt m) 2018 9M19
Cash and cash equivalents 1,894 960
Other current assets 3,565 3,292
Other non-current assets 22,846 23,430
Total assets 28,305 27,682
Total current liabilites 8,033 7,162
Total non-current liabilites 1,450 1,411
Total liabilities 9,483 8,573
Total equity 18,822 19,108
Total liabilities and equtiy 28,305 27,682

 

Financial ratio 9M18 9M19
Current ratio (times) 0.5 0.6
Avg collection period (Days) 10.6 8.3
Avg inventory period (Days) 37.4 39.2
Avg payment period (Days) 75.8 74.0
Gross profit margin from sales (%) 24.2 23.5
Net profit margin (%) 9.4 8.2
Net profit margin excl one off items (%) (3) 9.4 9.4
Return on assets (%)(4) 11.0 9.8
Return on assets (%)(5) 11.7 11.6
Return on equities (%) 17.9 15.1
Liabilities/equities ratio (times) 0.5 0.4
Earnings per share (Bt/share) 1.91 1.68
 

Remark:

(1) The Company has adopted new accounting standard (TFRS 15)

(2) Other income included investment income

(3) In 9M19, the Company recorded one-off/special items amounted to Bt 265.3 m:
    1) associate’s loss on investment Baht (178.4) million,
    2) provision for retirement benefits of Baht (49.8) million, and
    3) tax expenses of indirect associate in Vietnam Baht (37.1) million

(4) ROA: Net Profit/Average Total Asset (Avg)

(5) ROA: Earning before interests and Tax (EBIT)/Average Total Asset (Avg)

Note : *Other income including investment income.

Note : The Company recorded one-off items amount of Baht 316 million in 2016

Note : The Company recorded one-off items amount of Baht 316 million in 2016

  • Total Revenue
  • EBITDA
  • Net Profit


Statement of comprehensive income (Bt m) 2016(1) 2017 2018
Revenue from sales of goods 26,078 25,989 26,846
Rental income 2,926 3,334 3,702
Other income(2) 1,184 1,030 1,044
Total revenue 30,187 30,353 31,591
Cost of sales of goods 19,574 19,530 20,159
Selling expenses 6,248 6,398 6,740
Administrative expenses 1,309 1,429 1,459
Finance costs 84 71 40
Total expenses 27,215 27,429 28,398
Share of profit of associates 580 507 515
Profit before income tax expense 3,552 3,431 3,708
Income tax expense 556 534 612
Net profit 2,815(3) 2,742 2,937

 

Statement of financial position (Bt m) 2016 2017 2018
Cash and cash equivalents 2,219 1,805 1,894
Other current assets 3,505 3,578 3,723
Other non-current assets 21,277 22,171 22,768
Total assets 27,001 27,554 28,385
Total current liabilites 7,400 9,644 9,224
Total non-current liabilites 3,404 388 339
Total liabilities 10,804 10,032 9,563
Total equity 16,197 17,522 18,822
Total liabilities and equtiy 27,001 27,554 28,385

 

Financial ratio 2016 2017 2018
Current ratio (times) 0.8 0.6 0.6
Avg collection period (Days) 13.7 14.4 14.2
Avg inventory period (Days) 35.9 37.4 38.6
Avg payment period (Days) 82.9 85.1 91.3
Gross profit margin from sales (%) 24.9 24.9 24.9
Net profit margin (%) 9.3(4) 9.0 9.3
Return on assets (%)(5) 10.6 10.1 10.5
Return on assets (%)(6) 13.7 12.8 13.4
Return on equities (%) 19.7 17.3 17.0
Liabilities/equities ratio (times) 0.7 0.6 0.5
Earnings per share (Bt/share) 2.53 2.47 2.64
Dividend per share (Bt/share) 1.25 1.25 1.35
Dividend payout ratio (%) 49.3 50.6 51.1
 

Remark :

(1) In 2016 the Company recorded one-off items amount of Baht 316 million

(2) Other income included investments income

(3) In 2016 net profit excluding one-off items was Bt 2,499 m

(4) Net Profit Margin excluding one-off items was at 8.3%

(5) ROA: Net Profit/Average Total Asset (Avg)

(6) ROA: Earning before Interests and Tax (EBIT)/Average Total Asset (Avg)