19 สิงหาคม 2541
SUBMISSION OF F/S SECOND QUARTER OF 1998 WITH EXPLANATION.
August 14, 1998
To : The President
Stock Exchange of Thailand
Re : Submission of financial statements for the 2nd quarter of 1998
and explanation on the difference over 20 percent from the same
period last year.
Enclosures : Financial statements for the 2nd quarter of 1998
We are sending you herewith the enclosed financial statement of
the Company and the consolidated statement of the group for the 2nd quarter
of 1998 ended 30th June, 1998.
Even the group was able to improve its sales revenue for this
2nd quarter of1998 over the previous quarter, however when compares with the
same quarter of last year our advertising income was a lot lower. That is
because of the big drop of our advertising air-time sales in both television
and radios which we have experienced since the later part of the 3rd quarter
last year,as a result of the changes of economic conditions since then. Even
our other income increased but that does not suffice when compares with the
drop of advertising air-time sales while the operating costs were slightly
increased, thus the net profit declined from the same period of last year
over 30 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