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 : 27 Nov 2020 16:36

SITHAI (THB)

0.67

Change(% Change)

-(-%)

Volume (Shares)

3,316,200

Bid Price / Volume (Shares)

0.66 / 51,000

Day's Range

0.65 - 0.69

Open

0.69

Prior

0.67

52 Weeks' Range

0.44 - 0.90

Summary of Operating Results of the Group

The summary of operating result for Q3/2020 improved from Q2/2020 and Q3/2019 with lower loss. Revenues in Q3/2020 amounted to Baht 1,698 million, increasing by Baht 151 million or 9.8% QoQ, but decreasing by Baht 354 million or 17.3% YoY due to relaxed restrictions and disease control measures of Covid-19. The Covid-19 pandemic has ravaged the global economy causing many businesses closures and increasing unemployment. Although, certain disease control measures have been eased in Q3/2020, people are still concerned and cautious of spending. As a result, sales of household and industrial products of both domestic and overseas operations decreased from the previous year, but increased from Q2/2020.

Gross profit in Q3/2020 amounted to Baht 164 million, increasing by Baht 35 million or 27.1% QoQ, but decreasing by Baht 29 million or 15.0% YoY. Gross profit margin accounted for 9.7%, which increased from 8.4% in Q2/2020 and 9.4% in Q3/2019. Increase in gross profit margin resulted from the Group restructuring, the improvement of production efficiency, the reduction of personnel appropriate for production utilization and organization size, and the lower price of main raw materials. The Group’s operating loss amounted to Baht 18 million and accounted for 1.1% of revenues, compared with operating loss of Baht 40 million and Baht 36 million in Q2/2020 and Q3/2019 representing 2.6% and 1.8% of revenues, respectively.

Earnings before interest, tax, depreciation and amortization (“EBITDA”) in Q3/2020 amounted to Baht 179 million or EBITDA margin of 10.5%, increasing by Baht 23 million or 14.7% QoQ, and Baht 9 million or 5.3% YoY. As such, net loss of Q3/2020 amounted to Baht 34 million with a loss attributable to the equity holders of the Company being Baht 31 million. This represents a Loss Per Share of Baht 0.012, a decrease from a Loss Per Share of Baht 0.021 in Q2/2020 and Baht 0.019 in Q3/2019. See the document.

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