SET Announcements

BCP reported its reviewed quarterly financial statements as follows: (In thousands) Ending June 30, 2nd Quarter For 6 months 1996 1995 1996 1995 BCP: Net profit 290,275 208,579 667,507 451,239 EPS (Baht) 0.56 0.40 1.28 0.86 The Bangchak Petroleum Plc (BCP) recorded a 39% rise in net profits for Q2 of 1996 ending June 30, 1996 as compared to the same period of a year earlier. This was mainly due to effective distribution to the retail market through the rapidly increased network of gas stations and direct sales, resulting in a higher sales figure. The company set its goals at maintaining the above-average growth in its retail business through the rapid expansion of Bangchak oil stations in the area of Bangkok and vicinity. So far, there are 340 projects with defined locations in the construction plan worth approximately Bt4,000 million. After full completion, there will be a total of 1,340 Bangchak oil stations altogether. This expansion will provide more convenience to the customers.