Page 58 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

4. Management discussion and analysis (MD&A)

4.1 Overall past performance

In 2024, sales revenue was 4,248MB decreased by 23.80% compared to 5,575MB in 2023. This in
total sales is attributable as to 52.57% to domestic and as to 47.43% in international sales. The
mainly due to the sluggish market demand, resulting in steel products decreasing in the sales
unit price and volume. Gains on exchange rates decreased 38 MB compared with 2023. Other
income decreased 5 MB or 24.11 % comparing with 2023 mainly due the other non-
operating income decreased by 4 MB and income from disposal of fixed assets decreased
by 1 MB.

In 2024, the consolidated financial statement net loss 289 MB which is mainly due to Operating
income loss were 234MB, Share of profit from investment in associate 13 MB, Finance Income
3MB, Finance cost 72MB, Tax income 1MB.

In 2023, sales revenue was 5,575MB decreased by 40.47% compared to 9, 365MB in 2022. This
in total sales is attributable as to 55.48% to domestic and as to 44.52% in international sales. The
mainly due to the market is facing economic downturn risks, resulting in a decreasing in the sales
of steel products volume. Gains on exchange rates increased 48 MB compared with 2022. The
other non-operating income decreased by 10 MB and income from disposal of fixed assets
decreased by 27 MB.
The consolidated financial statement net profit 136 MB in 2023 which is mainly due to Operating
income gain was 89MB, Share of gain from investment in associate of 139 MB, Finance income
3 MB, Finance cost 64MB., Income tax expense 31 MB.

4.2 Performance by product group

(1) Revenue from sales
In 2024, sales revenue was 4,248MB decreased by 23.80% compared to 5,575MB in 2023. The
mainly due to the sluggish market demand, resulting in steel products decreasing in the sales
unit price and volume.

Further details of sales revenue structure can be summarized as follows:

Sales from wire rods in 2024 was 1,632MB, decreased by 41.88% compared to 2023, and in 2023
was 2,808MB, decreased by 53.00% compared to 2022.

Sales from annealed wire in 2024 was 438MB, decreased by 9.50% compared to 2023, and in 2023
was 484MB, decreased by 59.33% compared to 2022.

Sales from fasteners in 2024 was 1,817MB, decreased by 18.23% compared to 2023, and in 2023
was 2,222MB, decreased by 2.26% compared to 2022.

Sales from PC Strands in 2024 was 115MB, and in 2023 Company still has no income from the sale.

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