Ref. No.087 /2011
November 10, 2011
Subject : Report of the Financial Statement, ended of September 30, 2011. Attention : The President of the Stock Exchange of Thailand
Enclosed : 1 Copy of the Financial Statement ended of September 30, 2011.
Dear Sirs,
We are pleased to submit the reviewed Financial Statement, ended of September 30, 2011 for the knowledge of investors and those who are interested.
In this third quarter, the Company1s net earnings is 50.32 million baht, decreased 279.29 million baht or 84.74 % compared to the same period last year which was 329.61 million baht. The decrease of net earnings is due to domestic market situation was over supply, while raw material 1s price was also rising up, compare to the same period last year. Besides, global crushing industry outlook was mostly also negative as a results of the oversupply situation. These factors were severely affected on selling price which went down sharply. From this situation, it was not able to push the selling price to match up the real cost, and it affected on the decrease of the earning.
Yours sincerely,
(Mr.Sumeth Damrongchaitham) Deputy Managing Director
Authorized to sign on behalf of the Company