Good Corporate Governance Rating

Excellent

Srithai Superware Pcl. attaches great importance to the disclosure of information with accuracy, completeness and in a timely manner. Such information is disclosed in accordance with the situation relating to financial information (such as financial circumstances, and performance) as well as non-financial information (such as shareholdings structure, Company governance, and other business-related information), in order to benefit all shareholders and outside persons. The Investor Relations Unit is assigned to be responsible for providing and disclosing such up-to-date information with accuracy and completeness, as well as for providing easy access via all communications channels arranged by the Company. Hence, investors and outsiders can effectively contact the Investor Relations Unit to inquire about such information in a convenient and speedy manner.

Stock Price

Last Updated : 25 Sep 2020 16:39

SITHAI (THB)

0.53

Change(% Change)

-(-%)

Volume (Shares)

53,400

Bid Price / Volume (Shares)

0.52 / 1,100

Day's Range

0.51 - 0.53

Open

0.53

Prior

0.53

52 Weeks' Range

0.44 - 0.90

Summary of Operating Results of the Group

The summary of operating result for Q2/2020 slightly increased from Q2/2019, but decreased from Q1/2020. Revenues in Q2/2020 amounted to Baht 1,547 million, decreasing by Baht 712 million (31.5%) YoY and Baht 376 million (19.6%) QoQ from the Covid-19 pandemic has ravaged the global economy. The lockdown measures as well as travel restrictions to control the outbreak also contributed to a major drop in revenues for both household and industrial products of domestic and overseas operations.

Gross profit in Q2/2020 amounted to Baht 129 million, decreasing by Baht 72 million (35.8%) YoY and Baht 113 million (46.7%) QoQ. Gross profit margin accounted for 8.4%, which decreased from 8.9% in Q2/2019 and 12.6% in Q1/2020. Decrease in gross profit margin resulted from domestic and export sales. This resulted in lower capacity utilization. Although the personnel costs reduced, other fixed overhead costs were remained. The Group’s operating loss amounted to Baht 40 million and accounted for 2.6%, compared with operating loss of Baht 45 million representing 2.0% in Q2/2019 and operating profit of Baht 34 million representing 1.8% in Q1/2020.

Earnings before interest, tax, depreciation and amortization (“EBITDA”) in Q2/2020 amounted to Baht 156 million (EBITDA margin of 10.1%), decreasing by Baht 3 million or 1.9% YoY and Baht 88 million or 36.1% QoQ. As such, net loss of Q2/2020 amounted to Baht 64 million with a loss attributable to the equity holders of the Company being Baht 58 million. This represents a Loss Per Share of Baht 0.021, an increase from a Loss Per Share of Baht 0.023 in Q2/2019. See the document

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