14 May 2010
Clarification of change in the operation results excess 20%
No. 359/2010
14 May 2010
To: Director and Manager
The Stock Exchange of Thailand
Subject:Clarification of the change in the operating results according
to the financial statements (profit and loss statements) in excess of 20% of
net profit for the three month period ended 31 March 2010
The Company's operating results showed a net profit of Baht 71.99
million in the financial statements for the period ended 31 March 2010, being
a increase in the net profit of Baht 14.44 million or 25.09% compared to the
net profit of Baht 57.55 million for the period ended 31 March 2009, or in
excess of 20%. The Company would accordingly like to clarify the reasons for
this change as follows:-
The Company's has rental income form lease amount Baht 443.98 million
increase Baht 50.63 million comparing to same period year 2009 amounted Baht
393.35 million or increase by 12.87% and income from finance lease contracts
amount Baht 20.09 million increase Baht 9.35 million compared to same period
year 2009 amounted Baht 10.74 million or increased 87.05% reason revenues
increased both categories due to the increase as asset for lease contract
,both of which increase the cost of the increase is consistent with the
revenue increase as well.
Hence, performance of the company's net profit up 14.44 million or
25.09 %compared to same period last year.
Accordingly for your kind attention.
Yours sincerely,
(Mr. Pipop Kunasol)
President