SET Announcements

BEC REPORTS ON REVIEWED/CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS BEC World Plc. (BEC) reported on its reviewed quarterly financial statements as follows: (In Thousands) Ending September 30 3rd Quarter For 9 Months 1996 1995 1996 1995 BEC Net profit 444,038 77,078 1,269,826 167,673 EPS (Bt) 2.22 12.13 6.71 67.81 BEC World Plc. (BEC) reported on its reviewed consolidated quarterly financial statements as follows: (In Thousands) Ending September 30 3rd Quarter For 9 Months 1996 1995 1996 1995 BEC and its subsidiairies Net profit 444,038 - 1,269,826 - EPS (Bt) 2.22 - 6.71 - BEC clarifies over-20% improvement in its Q3/1996 performance, as compared to the same quarter last year, giving the following reasons: 1. The company relised gain/loss in the profit of its subsidiaries whilein the same quarter of last year it could not, as the company invested in its subsidiaries late in 1995. 2. Interest income was much higher as the company has increased its capital in Q4/1995 and Q2/1996. 3. Income from advertising airtime was much higher than in the same period of the earlier year because the company had more airtime as compared to the corresponding quarter of last year. Meanwhile, airtime renting rate was increased by about 20%, beginning from Q4/1995. BEC joined the investment in its subsidiaries that were operational early in Q4/1995, so its consolidated financial statements showed better outcome, compared to the previous year in which the subsidiaries' results were not included. From this same reason, the consolidated financial statement showed no results for this quarter in 1995.