ENTH

MD&A



 
 
 

Consolidated Performance Highlights

In 1Q/21, revenues increased 4%QoQ and 5%YoY to Baht 3,447.2 million. Shipping, Offshore Service, Agrochemical, and other segments (Food & Beverage and Investment) contributed 50%, 17%, 15%, and 18% to the consolidated revenues, respectively. Other income increased YoY from gains on investment. Gross profits increased 78%YoY to Baht 788.7 million, driven by significantly improved performance of Shipping and Offshore Service segments. The gross profit margin accordingly increased YoY from 13% to 23%. EBITDA rose 270%YoY to Baht 494.3 million, higher than the pre-COVID-19 level in 1Q/19. Meanwhile, Shipping’s average time charter equivalent (TCE) rate increased 46%YoY to US$ 11,392 per day. Offshore Service segment got a good start for 2021; its order book reached its new record high at US$ 241 million at quarter-end. In addition, as it has explored new opportunities in cable laying, it commenced 2 projects in 1Q/21, and this, in part, led to the improvement of its performance to TTA by 60%YoY. Agrochemical segment continued to be profitable with a better gross profit (spread) margin YoY from 20% to 22%. In summary, net profits to TTA improved 72%QoQ and 141%YoY to Baht 189.1 million in 1Q/21.

Performance Summary

 
The 2021 First Quarter Financial Results Download
2021  
The 2021 First Quarter Financial Results Download
2020  
FY 2020 Consolidated Results Review Download
The 2020 Third Quarter Financial Results Download
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