SET Announcements
Clarification on Operating Results for Q2'10
16 August 2010
16th August, 2010
The President
The Stock Exchange of Thailand
Dear Sir,
Clarification on Operating Results for the Second Quarter
And the Six-Month Period of 2010
The Company's operating results for the second quarter of 2010, which have been
reviewed by external auditors, showed a Net Profit of 29.49 million THB. This
is an increase of 10.16 million THB, or 52.54%, when compared to the
corresponding period last year. The following is an explanation of the
increase in Net Profit.
1. Net Sales Revenue increased by 172.76 million THB, or 25.55%, driven
by improved sales volume growth. Cost of Goods Sold also increased by
133.86 million THB or 25.07%. As a result, the company's Gross Profit
rose by 38.89 million THB, or 27.37%, versus the same period of prior
year.
2. Contribution of funds from Coca-Cola Thailand to support marketing
activities increased by 2.95 million THB, or 4.92%.
3. Other Income reduced by 1.26 million THB or 22.35%.
4. Selling expenses and Administrative expenses increased by a total of
23.90 million THB, or 12.83%, resulting from the sales promotion
expenses incurred as part of sales effort to the modern trade
customers and the higher costs of fuel.
For the six-month period of 2010, The Company's operating results showed a
Net Profit of THB 43.63 million, representing an increase of THB 40.44
million, or 1,267.77% against the same period of prior year. This improvement
in Net Profit was due to the following three reasons:
1. Net Sales Revenue grew by 324.18 million THB, or 25.44%, driven by
improved sales volume growth. Cost of Goods Sold increased by 241.47
million THB or 23.71%. As a result, the company's Gross Profit rose
by 82.71 million THB, or 32.33%, versus the same period of prior
year.
2. Contribution of funds from Coca-Cola Thailand to support marketing
activities increased by 14.57 million THB, or 14.14%.
3. Selling expenses and Administrative expenses increased by a total
of 46.58 million THB, or 12.81%, resulting from the sales promotion
expenses incurred as part of sales effort to the modern trade
customers and the higher costs of fuel.
This summary report of the Company's operating results for the second quarter
and the six-month period of 2010 is duly submitted for your consideration.
Yours faithfully,
For Haad Thip Public Company Limited
Sec.Lt.
(Phairoch Rattakul)
President & CEO
Office of the President & CEO
Tel.0-2391-4488 Ext. 103