Financial Highlights

Consolidated Income Statement

Figures in THBmn

  2016 2017 2018
Operating Revenue 8,810 9,597 10,342
Gross profit 3,687 4,320 4,591
Selling and Admin. Exp (SGA) 2,674 2,965 3,243
SGA (% to revenue) 30.4% 30.9% 31.4%
EBITDA 1,107 1,479 1,595
EBITDA (% to revenue) 12.6% 15.4% 15.4%
EBIT 955 1,324 1,443
Net Profit 795 1,113 1,206
Add: Net outflows from new projects 15 26 28
Normalized net profits 810 1,139 1,234
Net profit (% to revenue) 9.0% 11.6% 11.7%
EPS (THB) 0.92 1.29 1.39
Return on equity 17.6% 22.4% 22.0%
Net cash from operations 1,250 927 919
Cash cycle (days) 121 123 135


Revenue by segments (THBmn)

  2016 2017 2018
Mega We Care Business 4,251 5,078 5,417
Maxxcare Business 4,160 4,053 4,642
OEM 399 467 283


Consolidated Balance Sheet

All figures in THBmn

  Dec’16 Dec’17 Dec’18
Cash and bank balances1 1,217 1,174 1,134
Trade accounts receivable 2,233 2,520 2,521
Inventories 1,889 2,219 2,586
Property, plant and equipment3 1,152 1,221 1,460
Intangible asset2 736 734 1,019
Other Assets 714 852 913
Total Assets 7,941 8,720 9,633
Debt 670 512 960
Trade Payables 1,519 1,598 1,691
Other Liabilityies 1,073 1,365 1,258
Total Outside Liabilities 3,261 3,475 3,908
Shareholder Equity 4,680 5,244 5,724
Total Liabilities and Equity 7,941 8,720 9,633


Key Balance Sheet elements

All figures in THBmn

  Dec’16 Dec’17 Dec’18
Net cash/(debt) 547 662 174
Net investment capex4 1,016 307 769
Net debt/Equity (times) (0.12) (0.13) (0.03)

1Cash and bank balances as at balance sheet dates include non - restricted term deposits with banks.
2 Intangible assets includes goodwill arising from acquisition of Bio-Life Marketing Sdn. Bhd., a company based out of Malaysia.
3 Property, plant and equipment includes assets classified as investment property in audited financial statement.
4Net investment capex includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.