TMILL is very strong!! Overcoming the COVID-19 crisis,
Dec 24, 2023 11:33:40 GMT
Post by account_disabled on Dec 24, 2023 11:33:40 GMT
TMILL is very strong!! Overcoming the COVID-19 crisis, showing profits in the first half of 2020, growing 43.7% Bangkok 17 August 2020-------TS Flour Mill Public Company Limited or TMILL, a major wheat flour producer in Thailand. Revealing the strongest first half of 2020 results, showing a net profit of 67.25 million baht, a growth of 43.7% compared to the same period last year. Even though facing many factors including the COVID-19 epidemic crisis - soaring wheat costs -Increased price competition - The baht strengthens But still able to have an average production capacity rate increased to 73.76%. Mrs. Waewta Kulchotthada, Deputy Director of Finance and Accounting, TS Flour Mill Public Company Limited, TMILL, a major producer of wheat flour in Thailand and having the most modern production technology in the country, revealed that the results For the first 6 months of 2020, the company had a net profit of 67.25 million baht, a growth of 43.7% when compared to the same period of the previous year. with a net profit of 46.80 million baht, although the company will face challenges from many factors that affect the overall economic situation.
in the country Especially the situation of the spread of the coronavirus 2019 or Covid-19, including the situation of increased price competition. As a result, the average selling prices of wheat flour and wheat bran decreased by 5.0% and 13.7%, as well as the strengthening of the baht in the past year. Make the company There has been a reduction in the selling price of wheat flour. Therefore, the company Therefore, sales income in the first 6 months of 2020 decreased by 3.2% compared to the same period of the previous year. WhatsApp Number List with income from selling wheat flour decreasing 2.0% and income from selling wheat bran decreased by 1.2%. However, the company Able to manage costs effectively with the cost of sales rate in The first 6 months of 2020 decreased by 3.9% and the gross profit margin increased by 3.9% compared to the same period last year. This is a result of the cost of wheat used in 2020 being cheaper than in 2019 due to the rice price factor with a purchase contract made since the middle.
of last year. In addition, the value of the baht strengthened at the end of last year. The average production capacity rate in the first 6 months of 2020 was used. was 73.76%, an increase of 1.10% when compared to the same period last year. It reflects that the company Not much affected by the COVID-19 epidemic crisis. Sales and administrative expenses in the period The first 6 months of 2020 decreased by 7.66 million baht from the same period last year due to lower transportation costs in line with oil prices. The long-term contract rental has been adjusted to include some financial costs. and adjusting welfare estimates for employees For the results of the second quarter of 2020, the company had a net profit of 23.82 million baht, an increase of 1.7 million baht or 7.7% compared to the second quarter of 2019 with a net profit of 22.11 million baht due to sales and administrative expenses decreasing. go down This is the result of effective cost management. In addition, the average production capacity utilization in the 2nd quarter of 2020 was at 71.06%, an increase of 1.16% compared to the same period of the previous year.
in the country Especially the situation of the spread of the coronavirus 2019 or Covid-19, including the situation of increased price competition. As a result, the average selling prices of wheat flour and wheat bran decreased by 5.0% and 13.7%, as well as the strengthening of the baht in the past year. Make the company There has been a reduction in the selling price of wheat flour. Therefore, the company Therefore, sales income in the first 6 months of 2020 decreased by 3.2% compared to the same period of the previous year. WhatsApp Number List with income from selling wheat flour decreasing 2.0% and income from selling wheat bran decreased by 1.2%. However, the company Able to manage costs effectively with the cost of sales rate in The first 6 months of 2020 decreased by 3.9% and the gross profit margin increased by 3.9% compared to the same period last year. This is a result of the cost of wheat used in 2020 being cheaper than in 2019 due to the rice price factor with a purchase contract made since the middle.
of last year. In addition, the value of the baht strengthened at the end of last year. The average production capacity rate in the first 6 months of 2020 was used. was 73.76%, an increase of 1.10% when compared to the same period last year. It reflects that the company Not much affected by the COVID-19 epidemic crisis. Sales and administrative expenses in the period The first 6 months of 2020 decreased by 7.66 million baht from the same period last year due to lower transportation costs in line with oil prices. The long-term contract rental has been adjusted to include some financial costs. and adjusting welfare estimates for employees For the results of the second quarter of 2020, the company had a net profit of 23.82 million baht, an increase of 1.7 million baht or 7.7% compared to the second quarter of 2019 with a net profit of 22.11 million baht due to sales and administrative expenses decreasing. go down This is the result of effective cost management. In addition, the average production capacity utilization in the 2nd quarter of 2020 was at 71.06%, an increase of 1.16% compared to the same period of the previous year.