Summary of financial status and company’s performance as at September 30, 2017

  Consolidated (Baht'000)
  2017 2016 2015
Total assets 9,706,825 9,278,079 9,088,874
Total liabilities 4,116,247 4,669,136 5,005,645
Equities 5,590,579 4,608,943 4,083,229
Sales revenue 13,550,808 10,399,106 12,878,814
Total revenue 13,677,091 10,508,425 12,963,161
Net profit 1,443,200 880,257 703,735
Net profit attributable to owners of the Company 1,451,693 887,214 712,191

Summary of Financial Ratios

  Consolidated (Baht'000)
  2017 2016 2015
Net profit margin (%) 10.6% 8.4% 5.4%
Return on equities (%) 28.3% 20.3% 18.2%
Return on assets (%) 15.2% 9.6% 7.7%
Debt to equities ratio (times) 0.4 0.5 0.8
Earnings per share (Baht) 7.74 4.73 3.80
Dividend per share (Baht) 3.40 2.50 2.00

The Company’s has changed the accounting period from January 1 and ending on December 31 of every year to October 1 and ending on September 30 of every year, effective from 2016 onwards, in which the 2016 fiscal year will be starting on January 1, 2016 and ending on September 30, 2016, consisting of 9 months. And the 2017 fiscal year will be consisting of 12 months, starting from October 1, 2016 and ending on September 30, 2017.

In 2017, the Company had sales revenue of Baht 13,551 million, 30.3% increased from the previous year. Total sales revenue was contributed from beverage business of Baht 7,054 million or 28.4% increased from the previous year, and food business of Baht 6,497 million or 32.4% increased from the previous year. These are resulted from the differences of the accounting period between 12 months versus 9 months due to the change in the Company’s accounting period as mentioned above.

For the same 12 months period, sales revenue of the Company in 2017 slightly decreased by 0.6% from the previous year. Sales revenue from beverage business slightly decreased by 0.4%, while sales revenue from food business slightly decreased by 0.8%. Main reasons were as follows;

  1. For beverage business, due to shrink in both RTD tea market and Pure RTD green tea market by 10.8% and 5.7%, respectively, sales revenue of beverage business slightly decreased in 2017. However, the Company could maintain leadership position with the highest market share in both RTD tea market and Pure RTD green tea market of 45.8% and 48.0%, respectively.
  2. For food business, even though the Company openned up 8 new restaurant outlets, the Company closed 11 non-performing outlets (total outlets was 240 as of September 30, 2017, including overseas outlets but excluding franchise outlet), together with the sluggish economic which adversely affect consumer’s spending and consumption, sales revenue of food business slightly declined in 2017.

Net profit of the Company in 2017 was Baht 1,443 million, increased by 64.0% comparing to 9 months period of the 2016 fiscal year, and increased by 28.5% comparing to the same 12 months period of the previous year. This is mainly due to success from brand buildings, effective cost management, both cost of goods sold and selling and administrative expenses.