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Clarification of the operating results diff. more than 20%

BackFeb 19, 2007

SF 054/07

16 February 2007

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 the year 2006 ended 31 December 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 1,674.48 Million Baht increasing by 1,215.53 Million Baht or 265% compared to the same period last year.

2. Cost and Expenses
Total Cost was accounted for 1,011.27 Million Baht increasing by 707.43 Million Baht or 233% compared to the same period last year.

3. Net Profit
Net profit was accounted for 404.96 Million Baht increasing by 298.28 Million Baht or 280% compared to the same period last year.

In the year 2006, the Company recognized Revenue from finance lease contracts from the handover of rental space of the new shopping center, Esplanade Ratchada, La Villa (Phahonyothin), Petchkasem Avenue (Expansion of Petchkasem Power Center), and The Avenue Chaengwatthana. 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