Clarification of the Operating Result Change Excess 20%
14 November 2008
Tor 17/2551 November 14, 2008
Subject: Submission the Interim Financial Statements for the nine-month
period ended September 30, 2008
To: President
The Stock Exchange of Thailand
Attachment: The Company and consolidated financial statement for the nine-month
period ended September 30, 2008
Loxley Public Company Limited ("the Company") would like to submit its
interim financial statements for the nine-month period ended September 30, 2008.
The Company has an operating result changed more than 20% compared to the
same period at previous year. From the consolidated financial statements, the
Company has net profit in the amount of Baht 453 million. However, during the
nine-month period,TT&T Public Company Limited filed the rehabilitation
petition to the Central Bankruptcy Court and the Court ordered the
rehabilitation as of November 7, 2008. Nevertheless, the rehabilitation
petition plan is not yet completed. Therefore, the Company decided to reserve
the impairment of investment and recognized the impairment loss for the
amount of Baht 1,996 million from the investment in TT&T Public Company
Limited. The mentioned amount is the accumulated amount from changing fair
value recorded in shareholders' equity. It was reversed to impairment loss in
the income statement for this period. Finally, the Company recorded net loss
Baht (1,543) million.
Please be informed accordingly.
Sincerely yours,
Loxley Public Company Limited
(Mr. Pichai Mooputtarak)
Secretary of the Board of Directors