THAI RUBBER LATEX CORPORATION PLC CO., LTD.: Producer of Latex, Rubber Thread, Latex Glove
 

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Guaranteed Supply Reasonable Price High-Quality Strong Partnership For more than three decades, Thai Rubber Latex Corporation has stably become one of the most recognized concentrated latex producer in Thailand and gained numerous reputations within rubber industry worldwide. We have been continuously improving our manufacturing process, logistics network, and material supply management to ensure that we are fully capable of delivering the finest product to our customers when they want. Our devotions to quality are aimed at providing real customer benefits, the benefits that last resulting in maximum customer satisfaction. Thai Rubber Latex Corporation is a leading manufacturer and exporter of latex concentrate, disposable rubber gloves, extruded rubber threads, and various rubber products. Our core competitiveness is derived from consistency of supply, high-quality products, spontaneous customer services. That is contributable to our success.

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  Clarification of change in business operation results Q2-2007
 
                                        August 10, 2007


Subject : Clarification of change in business operation results
To :      The President
          The Stock Exchange of Thailand

          Thai Rubber Latex Corporation (Thailand) PCL. ("the company") had
net loss of Bt 62.86 million in Q2/2007, compare to net profit of Bt 11.99
million of Q2/2006. That is net profit decreasesBt 74.85 million or decreases
more than 20% of the same period last year.

          This change in operation result is due to the followings;

          The company has income from sales and services Bt 1,614.91 million,
decrease Bt 358.85 million or decrease 18.18%, because both sale price and
sale volume has been sluggish. Sale volume of latex decreases 14.15% as most
latex buyers still have latex stock carried from Q1/2007. Sale price is 7.75%
lower than that of the same period last year which is in line with rubber
price situation, causing lower profitability.
          In Q2/2007 sale volume of rubber thread has been lower as most of
the customers also carry stocks from Q1/2007, pulling demand and price down.
In conclusion, the company and subsidiaries incur Bt. 96.93 million gross
margin, decrease Bt 81.04 million from last year. The selling and
administration expenses are Bt. 80.38 million, decrease Bt 33.89 million.
Interest expense is Bt. 34.80 million, decrease Bt. 6.65 million.
          The company had set up Bt. 22 million provisions for doubtful
account of one customer which has been in the debt restructuring process with
the financial institution. And according to the accounting standard, the
company had marked to market the inventory with the expected future market
price. This incurs additional expenses of Bt. 34.10 million.


                            Signature


                                      (Mr.Vorathep Wongsasuthikul)
                                            Managing Director



 
 
 
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