14 May 2002
EXPLANATIONS ON THE DIFFERENCE FROM THE SAME PERIOD
May 13, 2002
To: President
Stock Exchange of Thailand
Re: Submission of financial statements for the 1st quarter
of 2002 and explanations on the difference over 20 per cent
from the same period last year.
Enclosures: Financial statements for the 1st quarter of 2002
We are sending you herewith the enclosed financial
statement of the Company and the consolidated statement of the
group for the 1st quarter of 2002 ended 31st March 2002, which
were reviewed by both the Auditor and our Audit Committee.
The operating result of the group for this 1st quarter of
2002 even is a profit of over Baht 333 millions, but however is lower
than that of the same period last year over 20 percent. That is because
of the lower revenue especially the big drop of our advertising airtime
sales as a result of the lower airtime utilization rates in both
television and radios caused by the drop of advertising expenditure
that we have experienced since the 3rd quarter of the last year.
Even the utilization rates improved when compare with the previous
quarter, however when compare year on year they have caused our net
profit to drop from the same period last year by more than 20 per cent.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance