SET Announcements
Clarification on Operating Results for the Year 2008
26 February 2009
25th February, 2009
The President
The Stock Exchange of Thailand
Dear Sir,
Clarification on Operating Results for the Year 2008
The Company's operating results for the year 2008, which have been certified
by the external auditors, showed a Net Profit of THB 21.77 million, an
increase of THB 18.46 million, or 557.23% improvement versus prior year. This
improvement in Net Profit was due to the following reasons:
1. Net Sales Revenue increased by THB 209.55 million or 8.97%, driven
by an increase in sales volume growth. However, Cost of Goods
increased by THB 220.78 million or 12.56%, driven by an increase
in raw materials price and transfer price of finished products.
As a result, the company's Gross Profit decreased by THB 11.23
million or 1.94% versus prior year.
2. Marketing support fund from Coca-Cola Thailand increased by THB
30.95 million or 18.14%
3. Selling and administrative expenses decreased by THB 10.51 million
or 1.35%. This was due to right-sizing programme since the end of
the year 2007, the focus on staff training and management efforts
to reduce operating costs.
Yours faithfully,
For Haad Thip Public Company Limited
Sec.Lt.
(Phairoch Rattakul)
President & CEO
Office of the Managing Director
Tel.0-2391-4488 Ext.103