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Clarification of operating results Q3/2006

BackNov 09, 2006

SF 371/06

8 November 2006

Subject: Clarification of the operating results different from the same period last year more than 20%

To: President The Stock Exchange of Thailand

          Siam Future Development Public Company Limited would like to clarify the operating results of three-month periods ended 30 September 2006 different from the same period last year more than 20% regarding the regulation of The Stock Exchange of Thailand as follows:

1. Revenues
Total Revenues was accounted for 808.15 Million Baht increasing by 727.12 Million Baht or 897% compared to the same period last year.

2. Cost and Expenses
Total Cost was accounted for 363.87 Million Baht increasing by 305.40 Million Baht or 522% compared to the same period last year.

3. Net Profit
Net profit was accounted for 240.54 Million Baht increasing by 237.41 Million Baht or 7,597% compared to the same period last year.

          In the 3rd Quarter of the year 2006, the Company recognized Finance Lease Income from the handover of rental space of the new shopping center, Esplanade Ratchada. Therefore, Total Revenue and Total Cost as well as Net Profit increased from the same period last year.

Please be informed accordingly.

 

Sincerely Yours,

 

(Mr. Somnuk Pojkasemsin)
              President