Symbol: TMD
Headline: Operating Results for the 1 ST quarter of 2004
Time: 08 Jun 2004 13:46:58
(TRANSLATION)
No.Bor.Chor.Ngor.34/2004
8 June 2004
Subj. : Reporting of the Operation Results for the 1st Quarter of 2004
To : Directors and the Manager of the Stock Exchange of Thailand
Attachment: A copy of the Financial Statements and the Consolidated Financial
Statements ended at 31 March 2004 and 2003
Thai Metal Drum Mfg. Public Company Limited (the "Company") have
submitted herewith the Financial Statements as of the 1st Quarter of 2004 ended
at 31 March 2004, which have been audited by the Certified Public Accountant.
The Company is hereby to inform that the operation result of the Company
and its subsidiaries as of the 1st Quarter of 2004 have shown gross profit of
Baht 34.04 million, increasing Baht 3.13 million or equal to 10.12% in
comparison to that of the same period as of last year.The Company have adjusted
the allowance for doubtful accounting and the investment in subsidiaries as at
31 March 2003 and the retained earning accounts, which have resulted the gross
profit to be reduced Baht 13.16 million from the former reporting.
The Company and subsidiaries have received sales income amounting to
Baht 304.91 million, increasing Baht 32.93 million or equal to 12.11% in
comparison to that of the same period as of last year. Sales costs against
sales income of the Company and subsidiaries have increased from 76.53% in 2003
to 79.24% in 2004. Interest expenses has decreased from Baht 0.89 million to
Baht 0.57 million in 2004.
Please be informed, accordingly.
Yours Faithfully,
Mr. Nate Charanvas
Managing Director