SET Announcements
16 November 2009
Operating Result for Quarter 3/2009
Ref: CK-09-000-AFD-(AC)-L-0036
November 16, 2009
Subject: Declaration of the Operating Result of the Third Quarter Ended
September 30, 2009, Compared with the Third Quarter Ended
September 30, 2008
Attention: President
The Stock Exchange of Thailand
The operating result of CH. Karnchang Public Company Limited,
Subsidiaries and Jointly controlled entities for the three-month and
nine-month periods as of September 30, 2009 yields a decrease in profit by
185.7 % and 75.4 % respectively,compared with the operating result from the
same respective period of the year 2008 due to the following factors:
1. For the three-month period of year 2008, the Company's interest income
has gained on revenue from reversal of provision for loss on investment in
joint venture of Baht 408 million. This is due to the decreasing debt burdened
of which the Company has to be responsible to the agreement with the partners
of the joint venture BBCD as to share this responsibility to such debt
burdened of joint-venture according to the resolution of the Board of
Directors Meeting No. 3/2008 of which the Company had informed The Stock
Exchange of Thailand's letter dated 15 May 2008.
2. Due to the revenue for construction service of the three-month period
of year 2009 had been decreased as the most construction projects have been in
the end of projects. This therefore enables to be less recognized of income,
compared with the same quarter of previous year.
3. For the nine-month period of year 2008, the Company had gained income
on sales of investment in one associated company amounted of Baht 278.6 million.
Hence, kindly please be informed accordingly.
Sincerely Yours,
(Mr. Plew Trivisvavet) (Dr.Anukool Tuntimas)
Directors