14 กุมภาพันธ์ 2551
Clarification of change in the Operation results excess 20%
No. 076/2008
14 February 2008
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 first quarter ended 31 December 2007
The Company's operating results showed a net profit of Baht 46.03
million in the financial statements for the period ended 31 December 2007,
being a decrease in the net profit of Baht 26.22 million or 36.29% compared to
the net profit of Baht 72.25 million for the period ended 31 December 2006, or
change in excess of 20%. The Company would accordingly like to clarify the
reasons for this change as follows:-
1. The Company's earnings from gain on the disposal of assets held for
lease and property foreclosed in the year 2007 decreased compared to the same
period in 2006 of Baht 19.80 million or 63.73%. This is due to the fact that
the volume of the rental leased termination type with no option to buy in the
year 2007 is lesser than the same period in 2006, reflecting in the Company
making a reduction in profit from the sale of assets held for
lease and property foreclosed.
2. Since the granted period for the reduction of tax under the Royal
Decree No. 387 of B.E. 2544 has expired on 1 October 2006, the Company has
accordingly adjusted its income tax expenses and deferred income tax assets in
the year 2006, resulting in an increase payment of income tax in 2007 of Baht
14.25 million.
Accordingly for your kind attention.
Yours sincerely,
(Mr. Krirkchai Siribhakdi)
President