OPERATING RESULTS
15 May 2001
TP-MT/188/44 (FC038/44)
May 14, 2001
Subject : Filing of Verified Financial Statements for the 1st Quarter of 2001 and
2000 and Report on Comparative Operating Performance Between the 1st
Quarter
Attention: Director and Manager, SET
Enclosures: Verified Financial Statements and the Report of C.P.A. for the 1st
Quarter of 2000 - 2001, 2 copies (1 Thai and 1 English versions)
Pursuant to SET regulations concerning Criteria, Conditions and Methods of
Preparation, Filing, and Reporting on Financial Status and Business Performance of
Listed Companies dated May 19, 1993 required for the company's clarification on
causes contributing to changes over 20 percent of business performances from the
previous operating period accordingly.
Thantawan Industry Public Co., Ltd (THIP) therefore clarifies the major causes for
significant changes of business performances in the 1st Quarter of 2001 as compared
with the same Quarter in 2000 as followings:
1. The total revenues of THIP had increased from Baht 7.15 million in 1st Quarter of
2000 to be Baht 14.39 million in 1st Quarter of 2001, computed as increasing rate
of 101.26% due to following causes :
1.1 The average exchange rate of Baht to U.S. Dollar in the 1st Quarter of 2000
was Baht 37.46 per dollar to Baht 43.08 per dollar or increasing at average of
Baht 5.62 per dollar.
1.2 Selling and Administrative Expenses decrease Baht 4.45 million due to the
cost of freight expenses had decreased from Baht 14.22 million in the 1st
Quarter of 2000 to Baht 11.13 million in the 1st Quarter of 2001, equal to
Baht 3.09 million or at 21.73% because the freight forwarding company had
decreased freight charges.
1.3 Cost of Good Sold had decreased at 5.86% from the 1st Quarter in 2000 due
to average cost of resin pallets had decreased from the 1st Quarter in 2000 by
4%.
Please be informed accordingly.
Very truly yours,
(Mr.Phietoon Trivijitkasem) (Mr.Huang Kuan-Chiun)
Director Director
