SET Announcements
Report on Operating Results for Q3 and Nine-Month of 2009
16 November 2009
16th November 2009
The President
The Stock Exchange of Thailand
Dear Sir,
Report on Operating Results for the Third Quarter
And the Nine-Month Periods of 2009
The Company's operating results for the third quarter of 2009, which have been
reviewed by certified external auditors, showed a Net Profit of THB 8.95
million, which is an increase of THB 6.22 million, or 227.84% improvement
versus prior year. This improvement in Net Profit was due to the following
four reasons:
1. Net Sales Revenue increased by THB 43.17 million or 6.76%, driven by
an increase in sales volume growth. However, Cost of Goods Sold
increased by THB 31.60 million or 6.21%. As a result, the company's
Gross Profit increased by THB 11.57 million or 8.90% versus the same
period of prior year.
2. Contribution of funds from Coca-Cola Thailand to support marketing
activities increased by THB 3.45 million or 7.22% compared to the
same period previous year.
3. Other Income decreased by THB 1.89 million or 35.85%.
4. Operating and Administrative expenses increased by a total of
THB 5.48 million or 3.07%, resulting from sales promotion expenses.
For the nine-month period of 2009, The Company's operating results showed a Net
Profit of THB 12.14 million, representing a decrease of THB 3.61 million, or
22.93% versus the same period of prior year. This decline in Net Profit was
due to the following four reasons:
1. Net Sales Revenue increased by THB 61.29 million or 3.23%, driven
by an increase in sales volume growth. However, Cost of Goods Sold
increased by THB 103.53 million or 7.11%, driven by prices of raw
materials and finished goods that have seen an increase since
mid-year 2008. As a result, the company's Gross Profit decreased
by THB 42.25
million or 9.61% versus the same period of prior year.
2. Contribution of funds from Coca-Cola Thailand to support marketing
activities increased by THB 8.74 million or 6.00%.
3. Other Income decreased by THB 8.78 million or 37.16%.
4. Operating and Administrative expenses decreased by a total of
THB 34.91 million or 5.99%, resulting from the lower costs of fuel
and management's effort to reduce operating costs.
This summary report of the Company's operating results for the third quarter
and the nine-month periods of 2009 is duly submitted for your consideration.
Yours faithfully,
For Haad Thip Public Company Limited
Sec.Lt
(Phairoch Rattakul)
President & CEO
Office of the Managing Director
Tel.0-2391-4488 Ext. 103