No. CC20250203ELE
February 27, 2025
Re: | Clarification of the changes in operation performance for the year ended 31 December |
2024 | |
Attn: | The President |
The Stock Exchange of Thailand |
Cal-Comp Electronics (Thailand) Plc. ("the Company") would like to submit the analysis performance for the year ended 31 December 2024 compared to the year ended 31 December 2023 as follow:
-
Sales revenues
For the year 2024, the Company's sales revenue was USD 4,193.30 million (or equivalent to Baht 147,110.75 million), which decreased by 2.90% as compared to the previous year.
The decreased sales revenue was mainly impact by overall reduced global market demand as compared to the same period of previous year. - Cost of sales
For the year 2024, the Company's cost of sales was USD 3,971.64 million (or equivalent to Baht 139,323.53 million) or 94.71% of sales revenue which decreased by 0.21% from 94.91% in the previous year. The gross margin for the year 2024 increased from 5.09% to 5.29% as compared to the same period in the previous year.
The increased of gross profit margin was mainly derived by overall improved cost structure as compared to the same period of previous year. - Selling and Administrative Expenses
For the year 2024, the Company's SG&A expenses were USD 118.03 million (or equivalent to Baht 4,140.18 million) or 2.81% of the total sales revenue, which decreased by 5.49% from 2.98%in the previous year.
The decreased SG&A was mainly in related to an overall improved internal restructure in order to reduce the consolidated expenses to support the Company and its overseas subsidiaries' operation as well as marketing and managing expense to support existing customers as compared to the same period of previous year.
- Financial Cost
For the year 2024, the Company's financial cost was USD 18.60 million (or equivalent to Baht 652.30 million), which decreased by 62.68% from USD 49.84 million (or equivalent to Baht 1,732.47 million) in the previous year as compared.
The decreased financial cost was mainly in related to the reduced bank loans to support the
Company's and its subsidiaries' operation and factory expansion in Thailand as compared to same period of previous year. - Net Profit
For the year 2024, the Company's net profit was USD 72.82 million (or equivalent to Baht 2,562.80 million), which increased by 128.66% from USD 31.85 million (or equivalent to Baht 1,107.21 million) in the previous year as compared. The Company's net profit margin over total revenue has increased by 135.50% from 0.74% to 1.74% as compared to the same period in the previous year.
The increased net profit for the year 2024 was mainly in related to the overall improved business management during the period as compared to previous year.
Please be informed accordingly
Sincerely Yours,
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(Mr. Khongsit Choukitcharoen)
Managing Director