LTF. 087/2008
February 27, 2008
Subject The increase 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 audited financial statements for the year ended December 31, 2007 to the Stock Exchange of Thailand ("SET") on February 28, 2008. The performance of the Company and its Subsidiaries for the said period as compared with the period ended December 31, 2006 was as follows:
|
(Unit : Million Baht) | |||
|
2007 |
2006 |
Change | |
| Rental and related service income |
705.82 |
627.98 |
12.40% |
| Sales of properties to tenants |
397.27 |
259.71 |
52.97% |
| Sales of properties to TFUND |
2,058.45 |
1,982.00 |
3.86% |
| Share of income from investment in TFUND |
71.85 |
45.44 |
58.14% |
| Realised additional gain on sales of properties to TFUND |
110.83 |
82.06 |
35.06% |
| Gain on sales of investment in TFUND |
42.00 |
- |
- |
| Net income |
1,062.75 |
869.17 |
22.27% |
Earnings of the Company and its Subsidiaries for the year 2007 increased by Baht 193.58 million, or 22.27 percent from those of 2006. The main reasons are as follows:
1. The Company's rental and service income which generated from its main business increased by Bath 77.84 million, or 12.40 percent from those of 2006.
2. The Company's sales of properties to tenants increased by Baht 137.56 million, or 52.97 percent from those of 2006.
3. The Company's sales of properties to TFUND increased by Baht 76.45 million, or 3.86 percent from those of 2006.
Besides, in 2007, the Company also had related income from TFUND, including share of income from investment in TFUND which increased by Baht 26.41 million and realised additional gain on sales of properties to TFUND which increased by Baht 28.77 million. Moreover, the Company had gain on sales of investment in TFUND of Baht 42 million whilst it had no such sales in 2006.
Please be informed accordingly
Yours faithfully
(Miss Lalitphant Phiriyaphant)
Head of finance