Key figures

Key figures

  • Quarterly Results
  • Full Year Results

3Q 18/19 Revenue Structure

Fiscal year ended 31 March

Consolidated (THB mn) 3Q 18/19 2Q 18/19 1Q 18/19 4Q 17/18 3Q 17/18
Total operating revenue 1,469 1,208 1,077 1,218 978
Cost of sales 695 537 392 406 385
Gross profit 774 670 685 722 593
EBITDA 595 501 507 524 372
EBIT 472 380 384 413 260
Net profit (excl. non-controlling interests) 309 260 261 288 181
Total assets 20,875 20,123 16,886 9,617 9,564
Total liabilities 4,429 4,035 3,773 3,699 3,765
Total shareholders' equity 16,446 16,088 13,113 5,917 5,799
Key Financial Ratios 3Q 18/19 2Q 18/19 1Q 18/19 4Q 17/18 3Q 17/18
Profitability Ratios (1)
Gross profit margin (%) 53% 56% 64% 61% 61%
EBITDA margin (%) 41% 42% 47% 43% 38%
EBIT margin (%) 32% 31% 36% 34% 27%
Net profit margin (%) 21% 22% 24% 22% 19%
ROE (%) 12% 12% 14% 27% 24%
Liquidity Ratios
Current ratio (times) 2.9X 3.2X 5.2X 1.8X 1.9X
Efficiency Ratios
ROA (%) 7% 7% 7% 10% 9%
Asset turnover (times) 0.3X 0.3X 0.3X 0.5X 0.4X
Leverage Ratios
Liability to equity (times) 0.3X 0.3X 0.3X 0.6X 0.6X
Debt to equity (times) 0.1X 0.1X 0.1X 0.3X 0.4X

(1) Calculated using total operating revenue

Remark:

  • On 14 December 2017, the Company issued newly ordinary shares of 340mn shares as a result total share increased to 7,204mn shares as well as share premium, which increased by THB 1,978mn.
  • The Company didn’t restate the statement of financial position in 2016/17 on quarterly basis after the consolidation of Rabbit Group under the common control basis, hence the ratios were calculated from the previous year-end figures.
  • During April - September 2018, the warrant holders exercised 1,121mn shares to purchase newly issued ordinary shares of THB 7.00 per share. In addition, the Company issued 122mn ordinary shares to the existing shareholders of Kerry Express (Thailand) Limited. Hence, the Company recorded "Premium on share capital" in statements of financial position as of 31 December 2018.

2017/18 Revenue Structure

Fiscal year ended 31 March

Consolidated (THB mn) 2017/18 2016/17 2015/16**
(Restated)
2014/15*
Total operating revenue 3,936 3,052 2,341 2,963
Cost of sales 1,535 1,269 881 1,325
Gross profit 2,401 1,783 1,461 1,638
EBITDA 1,691 1,356 1,391 1,225
EBIT 1,258 1,010 1,154 1,065
Net profit 846 826 941 838
Total assets 9,617 7,985 5,563 3,286
Total liabilities 3,699 4,880 1,728 1,457
Total shareholders' equity 5,917 3,105 3,835 1,829
Key Financial Ratios 2017/18 2016/17 2015/16**
(Restated)
2014/15*
Profitability Ratios(1)        
Gross profit margin (%) 62% 58% 62% 55%
EBITDA margin (%) 43% 44% 59% 41%
EBIT margin (%) 32% 33% 49% 36%
Net profit margin (%) 22% 27% 40% 28%
ROE (%) 19% 24% 32% 44%
Liquidity Ratios
Current ratio (times) 1.8X 0.9X 1.8X 0.7X
Efficiency Ratios
ROA (2) (%) 10% 12% 19% 28%
Asset turnover (times) 0.5X 0.5X 0.5X 1.0X
Leverage Ratios
Liability to equity (times) 0.6X 1.6X 0.5X 0.8X
Debt to equity (times) 0.3X 1.0X 0.1X 0.3X

(1) Calculated using total operating revenue

(2) The total dividend payment from 2015/16 operations was THB 755mn (the dividend payment from 2nd half of 2015/16 operation is subject to the resolution of Annual General Meeting, which will be held on 5 July 2015).

* Provision of initial damages incurred from terminating the agreement with Big C of THB 215mn (before tax) has been set aside in 4Q 14/15

** The Company restated 2015/16 financial performance after the consolidation of Rabbit Group under the common control basis.