Clarification on the PDI's performance results in 2005
[Translation]
Ref. PDI/BK-02-013/2006
24 February 2006
To : President
The Stock Exchange of Thailand
Re: Clarification on the company's performance results in 2005
Enclosed are the copies of PDI's audited financial statements and
consolidated financial statements for the year ended 31 December 2005
in both Thai and English version.
From the company's statement of income on Equity Method, the
company's revenues from sales was Bt6,138.5m which increased from
year 2004 by Bt474.8m or a 8.4% increase. There was a net profit
of Bt553.9m or an earning per share of 2.45 Baht as compared to a
net profit of Bt221.6m or a net profit per share of 0.98 Baht in
year 2004.
From the company's consolidated statement of income, total revenues
from sales was Bt6,150.7m which increased from the year 2004 by Bt476.9m
or a 8.4% increase. There was a net profit of Bt561.3m or a net earning
per share of 2.48 Baht as compared to a net profit of Bt217.0m or a net
profit per share of 0.96 Baht in year 2004.
Driven by a continuously rising LME zinc price, 2005 was another
rebounding year for the company. The zinc price evolution surprised,
particularly in the last quarter of the year and generated confusion and
perturbations both on the supply and demand sides. It pushed the income
of the company drastically upwards, even if the sale volume decrease by
10% and the locked-in forward price has somewhat limited the upside.
Nevertheless, the positive impact on the income obliterated several
negative factors that would otherwise have impacted the profitability
of the company, namely the reduction of import duty of zinc to 5.5%
and the steady increase of electricity and diesel prices.
Please be informed accordingly.
Yours truly,
- Signature -
(Mr. Surin Tanticharoenkiat)
Board Secretary
Board Secretary Division
Tel. 0 2661 9900 Ext. 1402
Fax. 0 2661 9946
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