14 May 1999
EXPLANATION ON THE DIFFERENCE FROM THE SAME PERIOD LAST YEAR
May 13, 1999
To : President
Stock Exchange of Thailand
Re : Submission of financial statements for the 1st quarter
of 1999 and explanation on the difference over 20 per cent
from the same period last year.
Enclosures : Financial statements for the 1st quarter of 1999.
We are sending you herewith the enclosed financial statement
of the Company and the consolidated statement of the group for the 1st
quarter of 1999 ended 31st March, 1999.
The operating result of the group for this 1st quarter of
1999 is a profit of Baht240 million. Even our overall sales revenues
increased slightly over those of the same period last year but as the
interest income was lower than that of the same period last year over
54 percent because of the big drop of interest rate in the market,
thus the net profit declined from that of the same period last year
over 20 per cent. The afore-mentioned reasons apply for both the result
of the Company as well as the consolidated result of the group.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance