Operating Results
14 November 2003
TP-MT/100/46 (FC071/46)
November 14th, 2003
Subject : Filing of Verified Financial Statements for the 3rd Quarter
of 2003 and 2002 and Report on Comparative Operating
Performance Between the 2nd Quarter
Attention : Director and Manager
SET
Enclosure : Verified Financial Statements and the Report of C.P.A. for the 3rd
Quarter of 2003 - 2002, 2 copies (one in Thai, and another one in
English)
Referring to SET's regulation on Criteria, Conditions and Methods of
Preparation and Filing the Financial Statements and Reporting on Financial
Status and Business Performance of Listed Companies dated 19 May 1993
which required the company to clarify causes resulting in changes of business
performance more than 20% from the same period of previous year.
Thantawan Industry Public Co.,Ltd. (THIP) would like to clarify the
major causes for significant changes of business performances in the 3rd Quarter
of 2003 as compared with the same Quarter in 2002 as followings:
The company's net profit in 3rd quarter had decreased from Baht 9.97
million to Baht 4.32 million or 56.67% from the same period in 2002, due to the
stronger value of U.S Dollar to Thai Baht had made exchange rate strengthened
to Baht 41.33 to the Dollar in 2003 from Baht 42.08 to the Dollar in 2002. And
also the increasing price of raw material by average at USD 510 - 630 per ton
in 2002 to USD 600 - 720 per ton in the same period in 2003, or increasing 15 -
17% due to the effect of rising fuel price.
Please be informed accordingly.
Very truly yours,
(Mr. Huang Kuan Chiun) (Mr.Phietoon Trivijitkasem)
Authorized Director
