ข่าวแจ้งตลาดหลักทรัพย์
LETTER- FINANCIAL STATEMENT Q3-1999
(Translation).
1600 / 095 / 1999
November 12, 1999.
The Stock Exchange of Thailand.
62, Ratchadapisek Road, Klongtoey,
Bangkok 10110.
Attention : President of The Stock Exchange of Thailand.
Subject : Filing of Reviewed Financial Statements for Third Quarter
ending September 30, 1999.
Dear sir,
According to the Stock Exchange of Thailands regulations
related to rules, conditions and procedures for the reporting
of financial status and business operational results of listed
companies; a listed company is required to file a Reviewed Financial
Statement within 45 days from the end of each quarter. In compliance
with the regulations, The Bangchak Petroleum Public Company Limited
would like to file, herewith, its Reviewed Financial Statement for the
period ending September 30, 1999.
In the Third quarter of 1999, the Companys retail market
enlargement had continued. The Company's market sales increased
by 13.5% as compared with the same period last year.
The total revenues and net operating income (before taxes
and profit and losses from foreign exchange) were 10,616
and 284 million baht respectively.
In 1997, the Company earned losses from the floating
of Baht valuation. The Company recorded the taxes benefit
according to the accounting standard equal to 1,595 million baht
at the end of 1997. As for the effect of the economic condition
in the past two years and the unrecovered situation, the Company
expected that, in the period of the year 1998 - 2002, the Company
will not utilize all of the taxes benefit. Therefore, the Company
had written off the taxes benefit equal to 925 million baht in
the Third quarter. Finally, the Company reported net
losses of 1,440 million baht.
Please be informed accordingly.
Yours sincerely,
(Mr. Rabil Pornpatkul)
Senior Manager, Corporate Planning Office
Attachment : An Reviewed Financial Statements for Third Quarter
ending September 30, 1999.
Corporate Planning Office.
Tel : 301