FINANCIAL STATEMENTS QUARTER 3 (CORRECTION)

"UNAUDITED" "REVIEWED" THANTAWAN INDUSTRY PUBLIC COMPANY LIMITED STATEMENTS OF INCOME FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 1999 AND 1998 In Thousand Baht For the three-month period For the nine-month period ended September 30, ended September 30, 1999 1998 1999 1998 REVENUES Sales 169,397 205,857 484,916 668,003 Other income Subsidy for export tax income 1,741 417 4,738 5,251 Sales of scrap 1,813 4,317 5,734 12,384 Interest income 969 2,608 4,266 5,188 Gain (loss) on exchange rate 6,317 (3,599) 6,854 (4,688) Others 875 379 1,630 1,694 Total revenues 181,112 209,979 508,138 687,832 EXPENSES Cost of sales (Note 2 ) 124,861 126,299 348,116 426,553 Selling and administrative expenses (Note 2) 39,085 37,679 106,265 111,541 Interest expense 237 104 306 1,106 Directors' remuneration - - - - Total expenses 164,183 164,082 454,687 539,200 INCOME BEFORE INCOME TAX 16,929 45,897 53,451 148,632 INCOME TAX (5,329) (14,477) (15,856) (45,225) NET INCOME 11,600 31,420 37,595 103,407 EARNINGS PER SHARE (Note 1.9) Net income (Baht) 1.45 3.93 4.70 12.93 Notes to interim financial statements form an integral part of these statements. (See auditor's report dated November 2, 1999)