LTF. 146/2007
May 11, 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") announced the reviewed interim financial statements for the quarter ended March 31, 2007 to the Stock Exchange of Thailand ("SET") on May 11, 2007. The performance of the Company and its Subsidiaries for the said period as compared with the same period of last year was as follows:
| (Unit : Million Baht) |
Q1/2007 |
Q1/2006 |
Change |
| Rental and related service income |
167.24 |
170.61 |
-1.97% |
| Sales of properties to tenant |
105.00 |
19.00 |
452.63% |
| Sales of properties to TFUND |
118.45 |
- |
- |
| Net income |
82.58 |
53.33 |
54.85% |
Earnings of the Company and its Subsidiaries for Q1/2007 increased by Bath 29.25 million, or 54.85 percent. The main reasons are as follows:
1. In Q1/2007, the Company's sales of properties to a tenant rose 452.63 percent from those of Q1/2006.
2. The Company had sales of properties to TFUND of Baht 118.45 million in Q1/2007 whilst it had no such sales in the same period of last year.
The Company would like to add that in Q1/2007, the Company's rental and related service income decreased as compared with the same period of last year. This resulted from the sales of 6 factories to a tenant and TFUND, as mentioned. In addition, the Company had entered into an agreement to sell 3 factories to a tenant which were already transferred in April, 2007.
The Company, therefore, had no rental and related service income from the 9 factories in Q1/2007.
Please be informed accordingly
Yours faithfully
(Miss Lalitphant Phiriyaphant)
Head of finance