Subject : Clarification of change in business operation results
To : The President
The Stock Exchange of Thailand
The company had net profit Bt 98.53 million in Q2/2006, compared to
Q2/2005, which had net loss Bt 79.26 million, net profit increased Bt 177.79
million or increased over 20%.
This change in operation results was due to the fact that the company
incurred income from total revenue of Bt 2,043.61 million which increased by
Bt 1,100.89 million or 117% increase from the same period last year ,while
total cost and expenses was Bt 1,943.35 million, which increased by Bt 917.02
million or 90% increase, resulted in net profit of Bt 98.53 million, which
increased by Bt 177.79 million.
The higher profit reflect from : First, sale volume and selling price
increased continuously in accordance with higher demand for rubber and latex
from users. Whereas our cost of goods sold increased at the lower degree than
selling price because part of the stock was hold since the past month when
the cost was lower than present. Second, our subsidiary company had profit
from liquidation of assets Bt 85.81 million in Q2/2006 which cause Bt 63.95
million in profit. Excluding this extra item (liquidation of assets),
the company would have Bt 34.58 million net profit from normal business.