14 พฤษภาคม 2550
Clarificition of change in the Operation results excess 20%
A/C 0216/2007
14 May 2007
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 second quarter ended 31 March 2007
Whereas the Company's operating results showed a net profit
of Baht 66.38 million in the interim financial statements for
the period ended 31 March 2007, being an increase in the net profit
of Baht 23.32 million or 54.16% compared to the period ended 31 March 2006,
the Company's operating results showed a net profit of Baht 43.06 million
or an excess of 20%. The Company would accordingly like to clarify
the reasons for this change as follows:-
The Company's earnings from gain on the disposal of assets held
for lease and property foreclosed in the second quarter of 2007
increased compared to the same period in 2006 of Baht 30.01 million
or 281.73%. 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 2007
is greater than the same period in 2006, reflecting in the Company making
an increase in profit from the sale of assets held for lease and property
foreclosed.
For your kind attention.
Yours sincerely,
(Mr. Krirkchai Siribhakdi)
President