ENTH

MD&A



 
 
 

Consolidated Performance Highlights

TTA reported strong revenues of Baht 5,947.7 million in 3Q/21, increasing 16%QoQ and 83%YoY mainly due to the significant growth in Shipping as the dry bulk freight rate reached a record high in more than a decade. Shipping, Offshore Service, Agrochemical, Food & Beverage, and Investment segments contributed 59%, 14%, 14%, 9%, and 4% to the consolidated revenues, respectively. Accordingly, gross profits increased 75%QoQ and 193%YoY to Baht 2,479.6 million. The gross profit margin also increased from 26% in 3Q/20 and 28% in 2Q/21 to 42% in 3Q/21 from a much better margin of Shipping segment. Consequently, EBITDA grew 91%QoQ and 486%YoY to Baht 1,935.8 million. In this quarter, Shipping’s time charter equivalent (TCE) rate averaged US$ 33,842 per day and outperformed the net market rate by 4%, with gains from both owned and chartered-in vessels. Offshore Service segment continued positive gross profits with a strong order book of US$ 260 million. Agrochemical segment continued to be profitable from the higher fertilizer selling price and higher sales of pesticides. In summary, TTA reported historical-high net profits of Baht 1,614.4 million in more than a decade, up 204%QoQ and 219%YoY in 3Q/21.

Performance Summary

 
The 2021 Third Quarter Financial Results Download
2021  
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2020  
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2019  
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2018  
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2017  
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2016  
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2015  
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2014  
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2013  
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2012  
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2011  
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2010  
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2009  
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