SET Announcements

Tor 27/1998 28 August 1998 RE: Interim Financial Statement for 2Q To: President The Stock Exchange of Thailand Ref: - Interim financial statement for the three-month and six-month period ended June 30, 1998 - Summary of the financial result Loxley Public Company Limited ("Company") would like to report on an audited of the Company and Subsidiaries' financial statements for the three-month and six-month period ended June 30, 1998. The summary is as following: Financial for Q2 Ended June 30, 1998 Three-month Six-month 1998 1997 Changed 1998 1997 Changed The Company Revenue 1,105.5 1,405.33 (21.34) 2,471.49 2,959.99 (16.50) Net Income (523.97) 35.84 (1,561.97) 771.48 208.56 269.91 Consolidated Revenue 2,140.33 2,690.63 (20.45) 4,821.90 5,606.83 (13.20) Net Income (538.48) 48.83 (1,202.76) 758.04 194.78 289.18 The reasons that the Company's result in 2Q/1998 is changed more than 20% compared with last year at the same period are as following: 1. The profit from the foreign currency exchange rate differences as at June 30, 1998. The profit is increasing about Bt1,016.64m 2. Relating to the general and administrative expenses, the Company's provision for ECD premium, provision for doubtful account, and provision for doubtful debt and obsolete inventory are increased about Bt115.25m 3. Decreasing in dividend received from investment is about Bt17.18m. 4. Increasing in interest expense from foreign borrowing is about Bt106.7m. Sincerely yours, Loxley Public Company Limited Ms.Suganya Veerakiatkij Senior Vice President Accounting & Budgeting Department