SCI Annual Report 2015

SCI Electric Public Company Limited
- The increased of Baht 41.76 million on revenue from sale of switch board and cable tray or increased 12.78%
compared to the year 2014 mainly came from delivered the switch board projects.
- The increased of Baht 29.89 million on revenue from sale of steel structure or increased 2.70% compared to the
year 2014 mainly came from delivered steel structures for high voltage electrical towers.
- The decreased of Baht 8.84 million of the electric power from Hydro Power Plant or decreased 29.09 compared
to the year 2014 resulted from drought.
- The decreased of Baht 781.40 million on project management service or decreased 58.07% compared to the
year 2014 was primarily due to less revenue recognition in PDSR (Phase1) project in Laos, which is nearly completed.
- Other incomes were Baht 26.83 million, increased by Baht 12.10 million or 82.02%, compared to the year 2014.
The increased were gains on foreign exchange in PDSR project and gains on short-term investment - Trade
securities.
Cost and expenses
For the year 2015, the Company had the gross profit margin at 17.21% and net profit at 8.95% of revenue from sales and
services which they were decreased compared to the year 2014, the gross profit margin at 20.69% and net profit at 11.63% of
revenue from sales and service. The detail of cost and expenses are shown in table 3 below.
Table 3 : Cost and expenses Unit: Million Baht
Consolidation
Operation results
FY 2015 FY 2014 Increased (Decreased)
Amount % Amount % Amount %
Revenue from sales 1,525.70 73.00 1,462.89 52.09 62.81 4.29
Revenue from services 564.31 27.00 1,345.71 47.91 (781.40) (58.07)
Revenue from sales and services 2,090.01 100.00 2,808.60 100.00 (718.59) (25.59)
Cost of sales 1,237.27 59.20 1,151.42 41.00 85.85 7.46
Cost of services 493.08 23.59 1,076.00 38.31 (582.92) (54.17)
Cost of sales and services 1,730.35 82.79 2,227.43 79.31 (497.07) (22.32)
Gross profit 359.66 17.21 581.18 20.69 (221.52) (38.12)
Selling expenses 18.40 0.88 16.76 0.60 1.65 9.82
Administrative expenses 118.51 5.67 134.08 4.77 (15.58) (11.62)
Other income 26.83 1.28 14.73 0.52 12.10 82.10
Profit before financial costs and
income tax
249.58 11.94 445.07 15.85 (195.49) (43.92)
Financial costs (24.32) (1.16) (27.65) (0.98) (3.33) (12.03)
Profit before income tax 225.25 10.78 417.41 14.86 (192.16) (46.04)
Income tax (38.20) (1.83) (90.90) (3.24) 52.71 (57.98)
Net profit for the year 187.06 8.95 326.51 11.63 (139.45) (42.71)
242