Clarification on Company's performance in the Q2/2010
[Translation]
Ref. PDI/BK-BS-065/2010
16th August 2010
To: President
The Stock Exchange of Thailand
Re: Clarification on Company's performance in the second quarter of 2010
Attached please find a copy each of Thai and English version of the
company only and consolidated, interim financial statements of Padaeng
Industry Public Company Limited for the quarter ended 30th June 2010 for
the SET's information.
For the second quarter of 2010, Padaeng Industry Public Company
Limited announces a consolidated net profit of 113 MB as compared to a net
loss of 17 MB in Q2 2009. Net profit per share is 0.50 Baht compared to
a net loss per share of 0.07 Baht in Q2 2009.
Total revenue from sales and services for Q2 2010 is 2,123 MB as
compared to 1,437 MB for the same quarter last year, a 48% increase.
For the first half of 2010, the Company announces a consolidated
net profit of 424 MB as compared to a net loss of 187 MB in the same
period of year 2009 or a net profit per share is 1.88 Baht compared to
a net loss per share of 0.83 Baht in the same period of year 2009.
Total revenue from sales and services for the first half of the year
is 4,293 MB as compared to 2,743 MB for the same period of last year,
a 57% increase.
Even though softening of LME zinc price from the average of 2,289
USD/ton in Q1 to 2,026 USD/ton in Q2 leads to a lower profit for the second
quarter, the increase in revenue and net profit as compared to the same
periods of year 2009 increases significantly. This is due mainly to the
LME zinc price which increases from the average of 1,323 USD/ton in H1 2009
to 2,157 USD/ton in H2 2010.
Please be informed accordingly.
Yours truly,
- Signature -
(Surin Tanticharoenkiat)
Company Secretary
Board Secretary Division
Tel. 0 2695 9499 Ext. 9335
Fax. 0 2695 9493