SET Releases

(Translation) August 13, 2002 Subject : Company's performance for the second quarter in 2002 Attention : Director and Manager of The Stock Exchange of Thailand Thanulux Public Company Limited would like to inform the performance as show in the financial statement for the accumulated profit in 2002. The company's net profit, the same period of time, was different more than 20% from last year. Net profit in 2002 was Baht 85.09 million, net profit in 2001 was Baht 152.27 million. It decreased Baht 67.18 million from last year or was equal 44.12% as due to: 1. 2002 sales decreased 17.7% from 2001 sales or Baht 150.56 million. It dued to the sluggish situation and the launched merchandises which did not meet the consumer's require. 2. The company has the transferring of subsidiaries in July 1, 2001. It effected the profit sharing from Subsidiary and Associated companies in 2002. During 2001 the company got the profit sharing from Subsidiaries amounting Baht 15.28 million. 3. Profit from foreign exchange in 2002 has decreased Baht 7.58 million comparing 2001. It dued to the weak United States dollar. 4. Dividend receivable in 2002 decreased Baht 3.34 million comparing 2001. 5. The company got profit from reversing impairment asset amounting Baht 4.46 million in 2001. As the came period in 2002, the company got lost from impairment asset amounting Baht 9.56 million. 6. Sale and administration expenses in 2002 is higher than 2001 amounting Baht 18.9 million or 18.92%. It dued to higher expenses from the item of human resource, information technology and business development all of these are preparing for the strong competition. Please kindly acknowledge the above matters. Faithfully Yours, Varindr Leelanuwatana, Dusadee Soontrontumrong (Mrs. Varindr Leelanuwatana, Ms. Dusadee Soontrontumrong) Director