Change in performance of more than 20 percent

BackAug 10, 2007

LTF. 201/2007

August 9, 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 June 30, 2007 to the Stock Exchange of Thailand ( SET ) on August 9, 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)
2007
2006
Change
Quarter 2
Rental and related service income
176.04
143.61
22.58%
Sales of properties to tenant
66.89
52.00
28.63%
Sales of properties to TFUND
-
1,982.00
-
Net income
85.20
654.17
-86.98%
First Half
Rental and related service income
343.29
314.22
9.25%
Sales of properties to tenant
171.89
71.00
142.10%
Sales of properties to TFUND
118.45
1,982.00
-94.02%
Net income
167.77
707.50
-76.29%

Earnings of the Company and its Subsidiaries for Q2/2007 and H1/2007 decreased by Bath 568.97 million and Baht 539.73 million, or 86.98 percent and 76.29 percent, respectively, from the same period of year 2006. The main reason is that the Company had no sales of properties to TFUND in Q2/2007. However, the Company s rental and related service income which generated from the Company s main business, for Q2/2007 and H1/2007 still increased as compared with the same period of last year.

Please be informed accordingly

 

Yours faithfully

 

(Miss Lalitphant Phiriyaphant)
Head of finance

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