Dynasty Ceramic Public Co. Ltd. Reports Unaudited Group and Parent Earnings Results for the Year Ended December 31, 2014
January 27, 2015 at 05:01 pm
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Dynasty Ceramic Public Co. Ltd. reported unaudited group and parent earnings results for the year ended December 31, 2014. For the year, on group basis, the company reported net profit of THB 1,226,875,000 compared to THB 1,298,132,000 a year ago. Earnings per basic share were THB 0.301 compared to THB 0.318 a year ago. For the year 2014, net profit of the company in the consolidated financial statement decreased by 5% year on year with total revenues of THB 7,177 million, which decreased by THB 369 million, or 5%. The company's gross profit was 40.5% in comparison to a 41.1% of previous year. Production units dropped by 5% as the company partly shut down kilns for maintenance. Revenue from sales was THB 7,177,493,342 against THB 7,546,224,632 a year ago. Income before income tax was THB 1,570,467,894 against THB 1,636,655,905 a year ago. Net cash provided from operating activities was THB 1,418,534,348 against THB 1,484,602,983 a year ago. Acquisition of intangible assets was THB 5,633,100 against THB 12,110,040 a year ago.
For the year, on parent basis, the company reported the company reported net profit of THB 1,741,421,000 compared to THB 1,199,600,000 a year ago. Earnings per basic share were THB 0.427 compared to THB 0.294 a year ago. Revenue from sales was THB 6,834,034,031 against THB 6,917,349,798 a year ago. Income before income tax was THB 1,962,993,852 against THB 1,500,691,817 a year ago. Net cash provided from operating activities was THB 1,110,871,737 against THB 1,300,617,651 a year ago. Acquisition of intangible assets was THB 3,362,123 against THB 12,110,040 a year ago.
Dynasty Ceramic Public Company Limited is a Thailand-based company, which is principally engaged in the manufacturing and selling of ceramic wall and floor tiles, together with space rental and providing utilities service. The Company purchases the ceramic floor, wall and Tile grout from Tile Top Industry Public Co., Ltd., which is a subsidiary of the Company. The Company also purchases the ceramic floor and wall from The Royal Ceramic Industry Public Co., Ltd., which is a subsidiary of the Company. The Company orders other related products, such as Tile grout, Tile adhesive, Corner-trim for sale. The ceramic tiles produced by the Company and its subsidiaries comprise under the trademark Dynasty, Tile Top, Jaguar, Value, Mustang, Chicken, Birdie, Ducky, Swan, M, Cosmo and RCI. It distributes tiles through outlets, more than 200 outlets, which are its outlets. It owns one factory and other three factories of subsidiary company is located in Nong Khae district, Saraburi province.