Operating Result Q2' 2005

TRANSLATION

No. F/2005 -                                    15  August  2005

Subject        : Submission of Quarterly Financial Statements

Attention      : Managing Director
                     Stock Exchange of Thailand

Attachment   : Financial statements for the second
                     quarter ended 30 June  2005

The Company would like to submit the interim financial statements for the second quarter ended 30 June 2005 which have been reviewed by the auditor for your information as follows.

The operational performance for this quarter showed a net profit of Baht 48.188 million in comparison with the same quarter of last year which recorded a net profit of Baht 14.299 million or about 237% increase. This resulted from the Company had sold out its land and factories to Thai Industrial Fund 1 (TIF 1) for an aggregate amount of Baht 441.333 million in June 2005.


Faithfully yours,


(Apichai  Taechaubol)
Managing Director