14 พฤษภาคม 2551
Clarification of 20% change in operating
14 May 2008
Subject: Clarification of 20% change in operating result of 1st Quarter 2008
compare to the same period last year
Attention : Director and Manager of Stock Exchange of Thailand
Further to the submission of Financial Statement for the first quarter
end 31 March 2008 to SEC on 14 May 2008, the net profit of 1st Quarter 2008
was equal to 28.54 million Baht, increased from the same period last year 66.2
million Baht which represent more than 20% change. The company therefore
would like to explain the reasons as follows:
1. Total revenue of 484.59 million Baht, increased by 300.18 million
Baht or 163% 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 20.04% compared to the same period
last year 8.4% or representing 138.6% increased as a result of having profit
in line with the budget with well cost control.
3. Interest expense of 6.51 million Baht decreased from the same period
last year 3.09 million Baht or 32.2 % decrease as a result of decreased in
loan burden and loan interest rate.
4. Depreciation of 6.76 million Baht decreased from the same period last
year 3.46 million Baht or 33.88 % decrease due to some of fix assets having
been fully depreciated.
Please be informed accordingly.
Yours Faithfully,
Mr.Upakrom Thaweephoke
Deputy Managing Director(Finance and Marketing)