13 พฤษภาคม 2548
Clarification of change in operating results in excess 20%
A/C 0480/2005
13 May 2005
Directors 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 second quarter ended 31 March 2005
The Company's operating results for the period ended 31 March 2005
showed a net profit of Baht 44.82 million in the financial statements
being a decrease or reduction in the net profit of Baht 19.05 million
or 29.83% compared to the same period for the preceding year,
or reduction over than 20%. The Company would accordingly like to
clarify the reasons for this change as follows:
The Company's earnings from gain on sale of assets held for lease
and property foreclosed in the second quarter of 2005 is less than
the preceding year in the amount of Baht 22.49 million or 76.02 %
compared to the same period for the preceding year. This is due to
the fact that the volume of the rental leased termination type with
no option to buy in the second quarter of 2005 is less than the preceding year,
reflecting in a reduction in the gain on sale of assets held for lease
and property foreclosed.
Therefore, during the second quarter of this year,the Company
has earned a net profit of Baht 44.82 million, being a decrease or
reduction over the preceding year of Baht 19.05 million, or 29.83%
For your kind attention.
Yours sincerely,
President
(Mr. Krirkchai Siribhakdi)