14 May 2009
Calification of Company Operating Results for 1Q/2009
14 May 2009
Subject: Clarification Company's Results for 1st Quarter 2009
Attention: Director and Manager of Stock Exchange of Thailand
Further to the submission of Financial Statement for the first quarter
end 31 March 2009 to SET on 14 March 2009, the net profit of 1st Quarter 2009
was equal to 88.70 million Baht, increased from the same period last year
60.16 million Baht which represent more than 20% change. The company
therefore would like to explain the reasons as follows:
1. Total revenue of 671.49 million Baht, increased by 186.9 million Baht or
38.57% increase. This was due to increase in volume of orders received
in advance and also well manageable on-time delivery.
2. Gross profit margin was equal to 26.27 % compared to the same period last
year 20.04% or representing 31.1% increase as a result of having revenue
in line with the budget together with well cost control.
3. Interest expenses of 9.32 million Baht, increased from the same period
last year 2.81 million Baht or representing 43.16% increase as a result
of increase in short term liabilities due to increase in trade account
receivable and inventory.
Please be informed accordingly.
Yours faithfully
Mr. Upakrom Thaweephoke
Executive Committee and Company Secretary