Revenue Analysis Revenue from aggregate sales Sales revenue 2012 2013 2014 Growth rates (%) revenues % revenues % revenues % 2013/2012 2014/2013 Domestic Overseas Total 3,292.3 2,149.8 5,442.1 60.5 39.5 100.0 61.9 38.1 100.0 63.7 36.3 100.0 5.1 -1.0 2.7 1.3 -6.0 -1.4 3,460.6 2,127.6 5,588.2 3,507.3 2,000.5 5,507.8 PAGE 038 / 039 TIPCO FOODS PUBLIC COMPANY LIMITED Annual operating results In 2014, the company recorded total net profit of Baht 77.7million, a decrease of Baht 36.7million (or 32.1percent) from the previous year, in line with the decreased sales and profit generated by canned pineapple export. As raw material supply fell short of expectations due to decreasing cultivation area and drought conditions, the company faced difficulty procuring sufficient raw material supply to meet sales forecasts. On top of this, lower output pushed the purchasing price of pineapple up further from the previous year’s level. The company was able to pass on some of the increase in fresh pine-apple prices but had to absorb the rest in the form of lower profit margin. Revenues from sale and services totaled Baht 5,507.8 million, a decrease of Baht 80.4 million (or 1.4 percent) from the previous year. The decrease in rev-enues pertained to export of canned fruit and retail trade while beverages, agro industry and plant extract business reported higher revenues from sales and services. Other income of the company amounted to Baht 340.0 million, an increase of Baht 34.4 million (or 11.3percent), cost of goods and services amounted to Baht 3,825.4 million, a decrease of Baht 205.0 million (or 5.1per-cent), to yield gross profit of Baht 1,682.4million, an increase of Baht 124.6mil-lion (or 8 percent). EXPLANA-TIONS AND ANALYSIS OF FINANCIAL STATMENTS AND OPERATING RESULTS Ratio of Domestic Sales to Exports In 2014, the ratio of domestic sales to export sales stood at 64:37, with higher proportion of domestic sales reflecting the decline in canned fruit and con-centrate exports and higher domestic sales of ready-to-drink beverages, as compared to the previous year. Total Sales Revenues in 2014 In 2014, aggregate sales decreased by 1.4 percent due to the decrease in rev-enues from canned fruit export and retail trade.
EN_Tipco_Annual Report 2014
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