13 November 2002
CLARIFICATION OF Q3/2002
November 13, 2002
To: President
Stock Exchange of Thailand
Re: Submission of financial statements for the 3rd quarter of 2002
Enclosures: Financial statements for the 3rd quarter of 2002
We are sending you herewith the enclosed financial statement of the
Company and the consolidated statement of the group for the 3rd quarter of 2002
ended 30th September 2002, which were reviewed by both the Audit or and our
Audit Committee.
The operating result of the group for this 3rd quarter of 2002 is a
profit of over Baht 415 millions, decrease slightly when compared with the result
of the previous quarter as a result of a drop in revenues caused by seasonal factor
and the special losses on closure of VDO case manufacturing facilities of CVD - an
associated company but higher than that of the same period of last year by 25% or
an increased of Baht 82 millions as revenues had increased by more than 7% whereas
the operating costs had droped.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance