ข่าวแจ้งตลาดหลักทรัพย์
14 พฤศจิกายน 2544
OPERATING RESULTS
(Translation)
Ref. SS./ 0342 /2001
14 November 2001
Re : The Explanation for the cause of the change in the Company's performance
with respect of the 3rd quarter of 2001 financial statement of the Company
ending 30 September 2001.
Attn : President
The Stock Exchange of Thailand
Referring to Sansiri Public Company Limited's 3rd quarter of 2001 financial statement
ending 30 September 2001, which reports a profit that varied more than 20%, compared
to that of the same period of the previous year.
With this regard, the Company would like to explain that in the 3rd quarter of 2000, the
Company's net profit mainly came from the reverse of allowance for doubtful debts
stemmed from a success of debt restructuring, while in 2001 subsidiary has transferred
asset at under book value to creditor according to debt restructuring. Also, another
subsidiaries could not record the payment for internet and telecommunication
development together with marketing related as prepaid expenses in order to amortize in
proportion with the future income. These are the main reasons that has resulted in more
than 20% variance of the profit of the Company and its subsidiaries when compared to
the same period of the previous year.
Therefore, we inform you respectfully.
Yours sincerely,
.........................
(Mr. Apichart Chutrakul)
Director
........................
(Mr. Wanchak Buranasiri)
Director