Page 140 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

For management purposes, the Company is organised into business units based on its
products and services.

The Company business operations involve four principal segments: (1) manufacture steel

wire rods and reinforce concrete bar (2) manufacture steel annealing wire (3) manufacture
screw and bolt and (4) trading. These operations are mainly carried on in Thailand. Below
is the financial information for the years ended 2022 and 2021 by segment.

(Unit: Million Baht)
Manufacture
steel wire rods
and reinforced Manufacture steel Manufacture screw
concrete bar annealing wire and bolt Trading Total
2022 2021 2022 2021 2022 2021 2022 2021 2022 2021
Revenues
Domestic sales 5,594 4,826 389 388 97 85 - 97 6,080 5,396
Export sales 380 247 801 1,192 2,076 1,440 27 785 3,284 3,664
Total revenues 5,974 5,073 1,190 1,580 2,173 1,525 27 882 9,364 9,060

Results
Segment profit (loss) (10) 510 53 153 185 90 (6) (6) 222 747
Unallocated profit and expenses:
Losses on exchange (9) (93)
Finance income 1 1
Other income 56 33
Losses on write-off of building and equipment (4) (9)
Reversal Impairment (loss) on non-financial assets 16 (228)
Reversal (Losses) from raw material purchase contracts (4) 7
Share of loss from investment in associate (1) (88)
Gain on change in classification on investment - 53
Finance cost (67) (38)
Profit before income tax expenses 210 385
Income tax expenses (48) (8)
Profit for the year 162 377

Major customers

For the year 2022, the Company has revenue from one major customers in amount of Baht
1,029 million, arising from sales by the manufacture steel wire rods and reinforced
concrete bar, manufacture steel annealing wire and trading segment (2021: the Company
has revenue from one major customers in amount of Baht 1,186 million, arising from sales

by the manufacture steel wire rods and reinforced concrete bar, manufacture steel
annealing wire and trading segment).

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