Consolidated Performance Highlights
In 2Q/18, revenues were recorded at Baht 3,394.2 million, increasing 9%QoQ and decreasing 6%YoY. Shipping, Offshore Service, Agrochemical, and Investment Segments contributed 42%, 20%, 21% and 17% to the consolidated revenues, respectively. Accordingly, gross profits amounted to 755.4 million, increasing 23%QoQ and decreasing 22%YoY. Share of profit of associates and JVs increased 123%QoQ and 91% YoY to Baht 135.3 million, mainly from higher bareboat charter rate for drilling business under its associate. EBITDA was at Baht 399.9 million, increasing 94%QoQ and decreasing 35%YoY. As Shipping Segment continued to deliver new high-record net profits to TTA of Baht 270.2 million, TTA reported consolidated net profits of Baht 94.2 million, which increased 1050%QoQ in 2Q/18, but decreased 56%YoY, mainly from loss under Offshore Service Segment due to lower operating days caused by scheduled dry docking and lower demand in Southeast Asia. However, Offshore Service Segment has received strong demand in Middle East and maintained firm utilization rate of owned vessels at 70% in 2Q/18.
Financial Position
As at June 30, 2018, TTA had total assets of Baht 37,723.1 million, increasing Baht 2,138.3 million from the end of 2017, mainly from cash proceed from debentures previously issued in 1Q/18. Cash under management, which combines cash, cash equivalents, and current investments, remained high at Baht 7,394.7 million. Total liabilities increased by Baht 2,053.2 million from the end of 2017 to Baht 12,584.0 million, due to the issuance of debentures mainly to repay maturing debentures of Baht 2,000.0 million in July 2018. Total equity increased to Baht 25,139.1 million, mainly from positive net profits and foreign currency translation for foreign operations as Thai Baht weakened against US Dollar. Strong capital structure of TTA was reflected by low net interest bearing debt to total equity (IBD/E) of 0.12 times.
| The 2018 Second Quarter Financial Results | Download |
| 2018 | |
| 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 |