Financial Highlights

Sales Revenue
(Unit: Million Baht)
Sales Revenue
Net Profit
(Unit: Million Baht)
Net Profit
Net Profit Margin (%)
Total Assets
(Unit: Million Baht)
Total Assets

(Unit: Million Baht)

2017 2018 2019
Statements Of Financial Position
Total Assets 6,720.80 10,651.80 13,216.10
Total Liabilities 4,851.13 6,862.43 8,814.07
Total Shareholders’ Equity 1,869.67 3,789.37 4,402.03
Statements Of Income
Sales Revenue 11,246.91 10,988.60 11,994.15
Cost of Sales (10,448.56) (9,179.70) (10,555.48)
Gross Profit 798.35 1,808.90 1,438.66
Net Profit 214.54 981.58 613.91
Basic Earnings Per Share (Baht) 1.50(1) 5.27(1) 0.83(2)

Remarks:

(1) Calculated from profit attributable to owners of the Company divided by the weighted average number of ordinary shares at the amount of 200,000,000 shares

(2) Calculated from profit attributable to owners of the Company divided by the weighted average number of ordinary shares at the amount of 762,693,169 shares

(Unit: Million Baht)

2017 2018 2019
Financial Ratios
Gross Profit Margin % 7.1 16.5 12.0
Operating Profit Margin(1) % 2.1 12.3 7.6
Net Profit Margin % 1.8 8.9 5.0
ROE (Attributable to the shareholders of the company)(2) % 5.9 48.9 18.6
ROE(3) % 4.2 34.7 15.0
ROA(4) % 2.7 11.3 5.1
Debt to Equity X 2.59 1.81 2.00
Interest Bearing Debt to Equity (5) X 1.87 1.39 1.61
Interest Coverage Ratio X 35.79 9.19 8.93
Debt Service Coverage Ratio(6) X 261.11(7) 8.23(8) 2.55(9)(10)(11)

Remarks:

(1) Operating profit as shown in the income statement from consolidated financial statement for special purpose for the year ended of 31 December 2018 and consolidated financial statement for the year ended of 31 December 2019

(2) Calculated from net profit (net loss) of attributable to the shareholders of the Company divided by average attributable to the shareholders of the Company

(3) Calculated from net profit (net loss) for the period divided by average Total shareholders' equity

(4) Calculated from net profit (net loss) divided by average total assets

(5) Interest bearing debt to equity calculated from interest bearing debt divided by total shareholders’ equity. Incidentally, interest bearing debt means total interest bearing debt in consolidated financial statement of the Company. As of 31 December 2019, there are 3 items that are (a) Short-term borrowings from financial institutions (b) Long-term borrowings from financial institutions and (c) Finance lease liabilities.

(6) Debt service coverage ratio calculated from profit before interests, Income tax, depreciation, and amortization divided by principal obligation in respect of long-term borrowing and interest that portion due in the same period as specify in the condition of loan agreement from financial institution of the Company.

(7) Interest burden calculated from interest expense paid by the Company in the year 2017 as shown in separate financial statement of Sri Trang Gloves (Thailand) Co., Ltd. for the year ended of 31 December 2017 and The principal obligation in respect of long-term borrowing is based on long-term borrowings from financial institutions that portion due within 1 year as shown in separate financial statement of Sri Trang Gloves (Thailand) Co., Ltd. or the year ended of 31 December 2016.

(8) Interest burden calculated from interest expense paid by the Company in the year 2019 as shown in separate financial statement of Sri Trang Gloves (Thailand) Co., Ltd. for the year ended of 31 December 2018 and the principal obligation in respect of long-term borrowing is based on long-term borrowings from financial institutions that portion due within 1 year as shown in separate financial statement of Sri Trang Gloves (Thailand) Co., Ltd. for the year ended of 31 December 2017.

(9) Calculated from profit before interests, Income tax, depreciation, and amortization in 2019 which consist of (a) profit before interests, Income tax, depreciation, and amortization for three-month period ended of 31 March 2019, which is from the Financial Statements for three-month period ended of 31 March 2019 that used for liquidate of Sri Trang Gloves (Thailand) Co., Ltd. (b) profit before interests, Income tax, depreciation, and amortization for three-month period ended of 31 March 2019, which is from the Financial Statements for three-month period ended of 31 March 2019 that used for liquidate of Thaikong PLC. And (c) profit before interests, Income tax, depreciation, and amortization for the period as from 1 April 2019 to 31 December 2019 which is from the Separate Financial Statements of the Company for the period as from 1 April 2019 to 31 December 2019 (after the amalgamation).

(10) Calculated from the interest expense paid by the Company in the year 2019 which consist of (a) Interest expense for three-month period ended of 31 March 2019, which is from the Financial Statements for three-month period ended of 31 March 2019 that used for liquidate of Sri Trang Gloves (Thailand) Co., Ltd. (b) Interest expense for three-month period ended of 31 March 2019, which is from the Financial Statements for three-month period ended of 31 March 2019 that used for liquidate of Thaikong PLC. and (c) interest expense for 1 April 2019 to 31 December 2019, which is from the Separate Financial Statements of the Company for the period as from 1 April 2019 to 31 December 2019 (after the amalgamation).

(11) The principal obligation in respect of long-term borrowing is based on long-term borrowings from financial institutions that portion due within 1 year as shown in the Financial Statement which consist of (a) Separate Financial Statements of Sri Trang Gloves (Thailand) Co., Ltd. ended of 31 December 2018 and (b) Separate Financial Statements of Thaikong PLC. ended of 31 December 2018.

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