ENTH

MD&A



 
 
 

Consolidated net profit to Thoresen Thai Agencies Public Company Limited (“TTA”) in 3Q/16 was at Baht 6.9 million, which increased 123% QoQ due to the improvement in dry bulk shipping from its lowest point since 1Q/16 and had eventually turnaround the shipping group’s EBITDA to positive, while there were higher subsea vessels activities during the quarter for Mermaid Group. Coal and fertilizer business also saw QoQ improvement on bottom-line contribution to the group, in addition with higher other income and gain on investment. Therefore, the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in 3Q/16 was at Baht 660.8 million, increased 21% QoQ but decreased 39% YoY.

 
*Restated
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