SET Announcements
Clarification on Operating Results for the Year 2009
02 March 2010
2nd March, 2010
The President
The Stock Exchange of Thailand
Dear Sir,
Clarification on Operating Results for the Year 2009
The Company's operating results for the year 2009, which have been certified
by the external auditors, showed a Net Profit of THB 44.89 million, an
increase of THB 23.12 million, or 106.17% improvement versus prior year. This
improvement in Net Profit was due to the following four reasons:
1. Net Sales Revenue increased by THB 204.82 million or 8.04%, driven
by an increase in sales volume growth. However, Cost of Goods Sold
increased by THB 223.43 million or 11.29%, driven by prices of raw
materials and finished goods that have seen an increase since
mid-year 2008. As a result, the company's Gross Profit decreased
by THB 18.61 million or 3.28% versus prior year.
2. Contribution of funds from Coca-Cola Thailand to support marketing
activities increased by THB 26.38 million or 13.09%.
3. Other Income decreased by THB 5.18 million or 16.88%.
4. Operating and Administrative expenses decreased by a total of
THB 29.90 million or 3.88%, resulting from the lower costs of fuel
and management's effort to reduce operating costs.
This summary report of the Company's operating results for the year 2009 is
duly submitted for your consideration.
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