DYNASTY CERAMIC No. DCC 350 / 2022 | August 9, 2022 |
Re: Operating Result for Quarter 2/2022 ended June 30, 2022
To: The President
The Stock Exchange of Thailand
Dynasty Ceramic Public Company Limited ("The Company") would like to submit the Company and its subsidiaries Reviewed Financial Statements and Consolidated Financial Statements for the Quarter 2/2022 ended June 30, 2022 and clarify the operating results for the Quarter 2/2022 compared with the same period of last year as follows:
Operating results of the consolidated financial statements 3 months
Revenue from sales | 2,126.5 | 100.0% | 2,179.2 | 100.0% | -2.4% |
Cost of sales | (1,197.1) | -56.3% | (1,229.2) | -56.4% | -2.6% |
Gross profit Other income Distribution costs Administrative expenses Finance costs Profit (loss) before income tax Income tax Total profit (loss) income for the period Other profit (loss) comprehensive income for the period, net of tax Total profit (loss)comprehensive income for the period Profit(loss) attributable to : Owner of the Company Non-controlling interests
929.4 | 43.7% | 949.9 | 43.6% | -2.2% |
15.0 | 0.7% | 20.4 | 0.9% | -26.3% |
(186.8) | -8.8% | (191.9) | -8.8% | -2.6% |
(212.2) | -10.0% | (207.9) | -9.5% | 2.0% |
(3.5) | -0.2% | (3.5) | -0.2% | 0.9% |
541.9 | 25.5% | 567.0 | 26.0% | -4.4% |
(109.0) | -5.1% | (113.0) | -5.2% | -3.5% |
432.9 | 20.4% | 454.0 | 20.8% | -4.6% |
- | 0.0% | - | 0.0% | - |
432.9 | 20.4% | 454.0 | 20.8% | -4.6% |
432.6 | 20.3% | 453.3 | 20.8% | -4.6% |
0.3 | 0.0% | 0.7 | 0.0% | -58.2% |
The Second Quarter 2022 operating result ending 30 June 2022 comparing with the same period of the previous year. Total income 2,126.5 million Baht decreased 52.7 million Baht or 2.4 percent from sales volume of 12.7 million square meters, a decrease of 16.6 percent average selling price slightly increased of 16.2 percent. Gross profit margin of 43.7 percent, an increase from the previous year with a gross profit of 43.6 percent as of energy costs continue to rise, gas cost increased by 54.5 percent while other income decreased by 26.3 percent. As a result of a decrease of 5.8 million baht or 30.2 percent in rental revenue due to the reduction of rental rates to help tenants in accordance with the economic situation. Cost of distribution decreased by 5.1 million baht, or 2.6 percent due to lower sales volume. Administrative expense increased 4.3 million baht or
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2.0 percent, partly due to full taxes charged of land and building by the government while from the previous year, the government charged at the rate of 10 percent. Resulting in a total net profit of 432.9 million baht in a decrease of 21.1 million baht, divided into Non-controlling interests of 0.3 million baht, the remaining profit attributable to Owner of the Company totaled 432.6 million baht, and decrease of 20.7 million baht from the previous year or 4.6 percent with earning per share of 0.047 baht per share.
Operating results of the consolidated financial statements 6 months
Revenue from sales | 4,521.2 | 100.0% | 4,592.5 | 100.0% | -1.6% |
Cost of sales | (2,532.4) | -56.0% | (2,611.4) | -56.9% | -3.0% |
Gross profit | 1,988.8 | 44.0% | 1,981.1 | 43.1% | 0.4% |
Other income | 38.1 | 0.8% | 43.0 | 0.9% | -11.4% |
Distribution costs | (398.9) | -8.8% | (421.3) | -9.2% | -5.3% |
Administrative expenses | (410.7) | -9.1% | (409.6) | -8.9% | 0.3% |
Finance costs | (7.0) | -0.2% | (10.4) | -0.2% | -32.2% |
Profit (loss) before income tax | 1,210.3 | 26.8% | 1,182.9 | 25.8% | 2.3% |
Income tax | (243.0) | -5.4% | (233.8) | -5.1% | 4.0% |
Total profit (loss) income for the period | 967.3 | 21.4% | 949.1 | 20.7% | 1.9% |
Other profit (loss) comprehensive income for the | - | 0.0% | 10.1 | 0.2% | -100.0% |
period, net of tax | |||||
Total profit (loss)comprehensive income for the | 967.3 | 21.4% | 959.2 | 20.9% | 0.8% |
period | |||||
Profit(loss) attributable to : | |||||
Owner of the Company | 966.9 | 21.4% | 946.4 | 20.6% | 2.2% |
Non-controlling interests | 0.4 | 0.0% | 2.6 | 0.1% | -84.5% |
The First Six months of 2022 operating result ending 30 June 2022 comparing with the same period of the previous year. Total income 4,521.2 million Baht decreased
- million Baht or 1.6 percent from average selling price slightly increased of 15.1 percent. The cost of energy which was the main factor of the cost of production increase
- percent from the previous year, resulting in a gross profit margin of 44.0 percent, an increase from the previous year with a gross profit of 43.1 percent, other income of 38.2 million baht decreased from the previous year by 4.8 million baht in reduction of rental rates to help tenants in accordance with economic situation, cost of distribution decreased by 22.5 million baht, or 5.3 percent. Financial cost decreased 3.4 million baht or 32.2 percent from the management in financial statement. Income tax expenses increased by 9.2 million baht or 4.0 percent from the increased profit. This resulted in a total net profit of 967.3 million baht, divided into Non-controlling interests of 0.4 million baht, the remaining profit attributable to Owner of the Company totaled 966.9 million baht, and increase of 20.5 million baht from the previous year or 2.2 percent with earning per share of 0.106 baht per share.
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Financial Position
Total Assets | 9,039.5 | 100.0% | 8,942.8 | 100.0% | 1.1% |
Total Current Assets | 2,654.3 | 29.4% | 2,505.2 | 28.0% | 6.0% |
Total Non-Current Assets | 6,385.2 | 70.6% | 6,437.6 | 72.0% | -0.8% |
Total Liabilities | 3,147.7 | 34.8% | 3,105.7 | 34.7% | 1.4% |
Total Current Liabilities | 2,477.8 | 78.7% | 2,450.1 | 78.9% | 1.1% |
Total Non-Current Liabilities | 669.9 | 21.3% | 655.6 | 21.1% | 2.2% |
Total Shareholders'Equity | 5,891.8 | 65.2% | 5,837.1 | 65.3% | 0.9% |
Total Assets of the company and its subsidiaries as of 30 June 2022 amounted 9,039.5 million Baht, increased from the total asset of the company and its subsidiaries at 31 December 2021 of 96.7 million Baht or 1.1 percent from Current Assets increased
149.1 million Baht or 6.0 percent from inventories increased 139.6 million Baht or 6.1 percent. Right-of-use assets increased 25.2 million Baht or 5.0 percent from lease
renewals and more lease contracts. Non-Current Assets decreased 52.4 million Baht or
0.8 percent partly from Plant Property and Equipment decline due to deteriorating asset write-offs and depreciation. Intangible asset increased 9.6 million Baht or 97.5 percent from received sales system to support data management for more efficient management.
Total Liabilities of the company and its subsidiaries as of 30 June 2022 amounted in 3,147.7 million Baht increased from the end of 2021 amounted 42.0 million Baht or 1.4 percent partly from corporate income tax at 64.0 million Baht or 35.7 percent. Trade and other current payables increased by 105.4 million baht, or 11.4 percent, in company's part 4.4 million baht and the subsidiaries' part 110.2 million baht from the cost of raw materials, spare parts and construction increased. For short-term loan decreased by 150.0 million baht or 12.0 percent due to loan payment.
Total shareholder's equity of the company and its subsidiaries as of 30 June 2022 amounted in 5,891.8 million Baht, increased from the end of 2021 amounted 54.7 million Baht or 0.9 percent from mostly the unappropriated profit increased by 54.2 million baht or 1.7 percent, increased from the Company's total comprehensive income in the first six month 2022 of 967.3 million baht and a decrease of 912.6 million baht from dividend in Quarter 4/2021 and Quarter 1/2022.
Together with this analysis, the Company also submitted the reviewed financial statements for the second quarter of 2022 through the electronic media of SET.
Yours sincerely,
Mr. Maruth Saengsastra
Chief Executive Officer
Secretary Office
Tel. 02-2769275-80 ext. 403
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Dynasty Ceramic pcl published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 08:15:08 UTC.
