INTERIM FINANCIAL STATEMENT FOR 2Q
31 สิงหาคม 2541
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