Operating result F/S 2006
TRANSLATION
No. F/50 -
28 February 2007
Subject : Financial Statements Submission
Attention : Managing Director Stock Exchange of Thailand
Attachment : Financial statements for the year ended 31 December 2006
Thai Factory Development Public Company Limited (the Company) would like to submit the financial statements for the year ended 31 December 2006 and the operational performance including the financial position of the Company and its subsidiaries in comparison with the same period of the year 2005 as follows.
|
2005 Mil.Bt. |
2006 Mil.Bt. |
Change Mil.Bt. |
Increase (Decrease) % | |
| Performance | ||||
| Sales |
698.1 |
104.6 |
(593.5) |
(85.0) |
| Rental and service income |
186.9 |
204.3 |
17.4 |
9.3 |
| Gain on sale of investment units in associated company |
- |
53.3 |
53.3 |
100.0 |
| Gain on cancellation of leasehold |
- |
39.4 |
39.4 |
100.0 |
| Other revenues |
9.1 |
10.1 |
1.0 |
11.0 |
| Total revenue |
894.1 |
411.7 |
(482.4) |
(54.0) |
| Net profit |
41.2 |
65.5 |
24.3 |
59.0 |
| Net profit per share (Baht) |
0.0645 |
0.1027 |
0.0382 |
59.2 |
|
Financial Position | ||||
| Total assets |
1,278.4 |
1,284.4 |
6.0 |
0.5 |
| Total liabilities |
451.5 |
408.0 |
(43.5) |
(9.6) |
| Total shareholders' equity |
826.9 |
876.4 |
49.5 |
6.0 |
| Book value (Baht/Share) |
1.30 |
1.37 |
0.07 |
5.4 |
Although the Company's operational performance showed a decrease in revenue by 54.0% while the net profit had been increased by 59.0%. This resulted from the following main factors.
1. Gain on sale of land and factory to the Thai Industrial Fund 1 (TIF1) since 2005 amounted Baht 53.3 million was realized in this year due to the Company had sold out almost of its investment units in the said fund.
2. The Company gained from cancellation of leasehold rights in an office building amounted to Baht 39.4 million in this year.
Faithfully yours,
(Mr.Apichai Taechaubol)
Managing Director
