Clarification of the Operating Result Change Excess 20%
23 February 2010
Tor 2/2553 February 22, 2010
Subject: Submission the Company and consolidated yearly financial
statements ended December 31,2009
To: President
The Stock Exchange of Thailand
Attachment - The Company and consolidated yearly financial statements
ended December 31, 2009
Loxley Public Company Limited ("the Company") would like
to submit the Company and consolidated yearly financial statements
ended December 31, 2009.
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 profit from operation of
Baht 356.16 million; compared with 2008, the Company had net loss of
Baht (1,986.71). The main reason was that the Company recognized an
impairment loss of Baht 2,119.81 million in the investment
in TT&T Public Company Limited in 2008. Such figure represents
the cumulative amount of fair value changes previously recorded
in equity that has been reversed to the statements of income as an
impairment loss.
Please be informed accordingly.
Sincerely yours,
Loxley Public Company Limited
(Mr. Pichai Mooputtarak)
Company Secretary