LT.F 099/2007
February 28, 2007
Subject Change in performance of more than 20 percent
To The President The Stock Exchange of Thailand
TICON Industrial Connection Public Co., Ltd. ("the Company") submitted the audited financial statements for the year ended December 31, 2006 to the Stock Exchange of Thailand ("SET") on February 27, 2007. The performance of the Company and its for the said period as compared with the same period of last year was as follows:
| (Unit : Million Baht) |
2006 |
2005 |
Change |
| Rental and related service income |
627.98 |
591.36 |
6.19% |
| Sales of properties to tenants |
259.71 |
108.65 |
139.03% |
| Sales of properties to TFUND |
1,982.00 |
1,730.00 |
14.57% |
| Realised additional gain on sales of properties to |
82.06 |
- |
- |
| TFUND | |||
| Net income |
869.17 |
680.30 |
27.76% |
Earnings of the Company and its Subsidiaries for the year 2006 increased by Bath 188.87 million, or 27.76 percent. The main reasons are as follows:
1.The Company's and its Subsidiary's rental and service income rose 6.19 percent from those of 2005. The said increase in rental and service income reflected sales of factories to TFUND and tenants. The Company would like to add that at the end of 2006, the leased area before sales increased substantially by 30.77 percent as compared with the leased area before the sales at the end of 2005.
2.Sales of properties to tenants rose 139.03 percent from those of 2005
3.Sales of factories to TFUND rose 14.57 percent from those of 2005
4.The Company had realized additional gain on sales of factories to TFUND of Baht 82.06 million which resulted from the decrease in percentage of unit holding in TFUND and sales of TFUND's 2 factories (bought from TICON in Q2/2005) to a tenant.
Please be informed accordingly
Yours faithfully
(Miss Lalitphant Phiriyaphant)
Head of finance