สรุปผลการดำเนินงานของบจ.และบริษัทย่อย ไตรมาสที่ 2(F45-2)
บริษัท เอ็ม บี เค จำกัด(มหาชน)
สอบทาน
สิ้นสุดวันที่ 31 ธันวาคม 2546(หน่วย : พันบาท)
ไตรมาสที่ 2 งวด 6 เดือน
ปี 2546 2545 2546 2545
กำไร(ขาดทุน)สุทธิ 289,731 255,183 613,559 421,809
กำไร(ขาดทุน)สุทธิต่อหุ้น(บาท) 1.91 1.55 4.06 2.57
ราคาไม่ขึ้นเลยอย่างนี้ต้องซื้อเพิ่ม
mbk พอสู้plได้ไหมคับ
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บุคคลทั่วไป
MBK Development Plcs (MBK) net profit of Bt290m for 2QFY04 (+14% YoY) was in line with our expectation. Excluding an extraordinary gain of Bt84m booked on the sale of investment assets acquired from the Financial Sector Restructuring Authority (worth Bt20m) and on securities trading (worth Bt64m), it made a profit of Bt206m (+6% YoY). Total sales revenue in 2QFY04 rose by 35% YoY, with revenue from the MBK shopping center (+19% YoY), hotel business (+62% YoY) and rice sales (+42% YoY). The overall gross margin in 2QFY04 fell to 37% YoY from 41%. This was due to higher raw material cost (for rice business), renovation cost for shopping malls and higher depreciation cost for hotel business (the opening of Sheraton Krabi Beach Resort early last year). The gross margin on rice sales dropped to 16% from 18% while the gross margin on its shopping mall business fell to 60% from 66%. However, for the hotel business the gross margin improved to 36% from 34% YoY due to strong hotel revenue growth (higher occupancy rate). The revenue breakdown for 2QFY04 was rice sales (41%), rental income (38%) and the hotel business (20%). MBK remains in a strong financial position with a gearing ratio of 0.5X . Interest expenses rose by 96% YoY due to an increase in long-term debentures in order to fund its new investments. Earnings for 6MFY04 accounted for 49% of our full-year forecast and we maintain our projection. We also maintain our BUY rating for MBK stock with a target price of Bt56.