ENTH

MD&A



 
 
 

Consolidated Performance Highlights

The first quarter is generally a low season for most of businesses. In 1Q/19, revenues increased 19%YoY to Baht 3,706.6 million, driven by higher demand under Shipping and Offshore Service Segments. Revenues decreased 5%QoQ due to seasonality. Shipping, Offshore Service, Agrochemical, and Investment Segments contributed 46%, 22%, 15% and 17% to the consolidated revenues, respectively. Accordingly, gross profits amounted to Baht 662.4 million, increasing 8%YoY and decreasing 14%QoQ. EBITDA also increased 29%YoY to Baht 267.1 million, and EBITDA margin remained stable YoY at 7%. Finance cost increased to Baht 127.0 million mainly from the issuance of debentures in late 1Q/18 and 4Q/18. In 1Q/19, Offshore Service Segment was back in postive EBITDA as vessel utilization rate had improved while Shipping Segment maintained its outperforming position by achieving average TCE 20% above the net market TC rate. In summary, TTA reported a consolidated normalized net loss of Baht 80.3 million, improving 23%YoY, and consolidated net losses of Baht 91.9 million in 1Q/19.

Performance Summary

 
FY 2018 Consolidated Results Review Download
2019  
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