17 กุมภาพันธ์ 2541
Revised Quarter-2 1997/1998
( TRANSLATION )
No.007/2541
16th February, 1998
Re : Revised Second Quarter 1997/1998 Financial Statement
To : Director of Listed Companies Department
Stock Exchange of Thailand
Enc. : Second Quarter 1997/1998 Financial Statement (Revised)
Referring to the second quarter 1997/1998 financial statements
already submitted by the company on February 13, 1998 at 17.00 hours to
SET, we wish to revise clause 5 in Notes to Company Financial Statements
(Economic crisis and effects on company's operation ) so that the
information provided is clear and complete to the readers.
Existing : 5 Economic crisis and effects on company's operates
The company operates in Thailand, which, together with a number of other
countries in the Asia Pacific Region is currently experiencing an economic
crisis. The crisis in Thailand has involved a slowdown in economic growth,
a shortage of liquidity within the country and volatility in
both the securities market and the value of the Thai Baht. The
company's operations have been affected by the economic crisis in
the current year and are expected to continue to be effected for
the foreseeable future, with particular regard to the ability of
the company to repay debt and the ability of the company to
collect its receivables.
The ultimate outcome of the economic crisis cannot be determined at present.
The interim financial statements for the three-month and six-month periods
ended 31 December 1997 do not include any adjustments that may arise as a
result of the effects of this crisis.
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Revised : The company operates in Thailand, which, together with
a number of other countries in the Asia Pacific Region
is currently experiencing an economic crisis. The crisis
in Thailand has involved a slowdown in economic
growth, a shortage of liquidity within the country
and volatility in both the securities market and
the value of the Thai Baht. The company's operations have been
affected by the economic crisis in the current year and are
expected to continue to be effected for the foreseeable future.
The ultimate outcome of the economic crisis cannot be determined at present.
The interim financial statements for the three-month and six-month periods
ended 31 December 1997 do not include any adjustments which
cannot be determinde as a result of the effects of this crisis.
Best regard,
( Sophon Pholvilai )
Director