ENTH

MD&A



 
 
 

Consolidated Performance Highlights

In 2Q/20, QoQ performance improved from most core businesses, but YoY performance decreased due to the COVID-19 related impact and the mandatory drydocking of the key subsea vessel. Revenues decreased 10%QoQ and 20%YoY to Baht 2,952.0 million for 2Q/20. Shipping, Offshore Service, Agrochemical, and other segments contributed 38%, 17%, 22%, and 23% to the consolidated revenues, respectively. Gross profits increased 10%QoQ to Baht 487.0 million, primarily due to the improved gross profits across all main segments. The gross margin improved from 13% in 1Q/20 to 16% in 2Q/20. EBITDA rose 127%QoQ to Baht 77.2 million. Meanwhile, Shipping’s TCE rate started to rebound in June 2020 and averaged at US$ 7,525 per day in 2Q/20, outperforming the net market TC rate by 44%. One vessel under Offshore Service, which was sent for drydocking in 1Q/20, returned from the shipyard and resumed its operation to help bring up performance. Agrochemical segment achieved a better gross margin QoQ from 20% to 24%. Moreover, the Pizza Hut business has been profitable for the fourth consecutive quarter. In summary, a net loss to TTA improved by 48%QoQ to Baht 240.9 million in 2Q/20.

Performance Summary

 
The 2020 Second Quarter Financial Results Download
2020  
The 2020 Second Quarter Financial Results Download
The 2020 First Quarter Financial Results Download
2019  
FY 2019 Consolidated Results Review Download
The 2019 Third Quarter Financial Results Download
The 2019 Second Quarter Financial Results Download
The 2019 First Quarter Financial Results Download
2018  
FY 2018 Consolidated Results Review Download
The 2018 Third Quarter Financial Results Download
The 2018 Second Quarter Financial Results Download
The 2018 First Quarter Financial Results Download
2017  
FY 2017 Consolidated Results Review Download
The 2017 Third Quarter Financial Results Download
The 2017 Second Quarter Financial Results Download
The 2017 First Quarter Financial Results Download
2016  
FY 2016 Consolidated Results Review Download
The 2016 Third Quarter Financial Results Download
The 2016 Second Quarter Financial Results Download
The 2016 First Quarter Financial Results Download
2015  
FY 2015 Consolidated Results Review Download
The 2015 Third Quarter Financial Results Download
The 2015 Second Quarter Financial Results Download
The 2015 First Quarter Financial Results Download
2014  
FY 2014 Consolidated Results Review Download
The 2014 Third Quarter Financial Results Download
The 2014 Second Quarter Financial Results Download
The 2014 First Quarter Financial Results Download
2013  
FY 2013 Consolidated Results Review Download
The 2013 Third Quarter Financial Results Download
The 2013 Second Quarter Financial Results Download
The 2013 First Quarter Financial Results Download
2012  
FY 2012 Consolidated Results Review Download
The 2012 Third Quarter Financial Results Download
The 2012 Second Quarter Financial Results Download
The 2012 First Quarter Financial Results Download
2011  
FY 2011 Consolidated Results Review Download
The 2011 Third Quarter Financial Results Download
The 2011 Second Quarter Financial Results Download
The 2011 First Quarter Financial Results Download
2010  
FY 2010 Consolidated Results Review Download
The 2010 Third Quarter Financial Results Download
The 2010 Second Quarter Financial Results Download
The 2010 First Quarter Financial Results Download
2009  
The Yearly 2009 Financial Results Download