SET Releases

(Translation) May 28, 2002 Subject : Companys performance for the first quarter in 2002 Attention : Director and Manager of The Stock Exchange of Thailand Thanulux Public company Limited would like to inform the performance as shown in the first quarter finacial statement for the accumulated profit which was 20% lower than the same period of last year. Net profit in 2002 was Baht 50.11 million, net profit in 2001 was Baht 72.60 million. It decreased Baht 22.48 million which was equal to 30.97% as due to: 1. Sale decreased Baht 89.34 million or 20.47% It dued to the domestic market was not recover, The economic situation of our customers countries were also not recover. It effected to be decreased 15.14% in domestic sale and 25.72% for export. 2. Profit from foreign exchange decreased. It has been effected from low export sale since the last quarter in 2001. The movement of Baht value was quite stable. 3. According to recording of accrued dividend amount Baht 11.59 millon as the note of dividend payment of securities in SET. The receivable dividend increased Baht 4.56 million. 4. The profit sharing from the subsidiaries decreased for the amount of Baht 5.02 million. It was according to the transferring of subsidiaries in july 1 2001. 5. Profit from reversing impairment asset account decreased Baht 4.46 million. It was dued to the book value of the securities were changed a little.