SET Releases

Thanulux Plc. (TNL) reported on its reviewed quarterly financial statements as follows: (in thousands) 1st Quarter Ending March 31, 1997 1996 TNL Net profit (loss) 18,101 33,629 EPS (Baht) 1.51 5.61 TNL reported on reviewed quarterly consolidated financial statements as follows: (in thousands) 1st Quarter Ending March 31, 1997 1996 TNL and subsidiaries Net profit (loss) 18,460 33,408 EPS (Baht) 1.54 5.56 Comment: Please verify details in financial statements, auditor's report, and remarks from R-SIMS. TNL clarified the result saying that its quarterly net profit fell by more than 20% under year on year because of the impact from the country's overall economy that has continuously slowed down. The company's sales declined by 22.41% worth Bt79.5 million while operating expenses rose. Besides, the company suffered a loss from currency exchange.