ข่าวแจ้งตลาดหลักทรัพย์
UNREVIEWED F/S AND BUSINESS OPERATIONS' EXPLANATION Q3 2002
1600 / 097 / 2002
October 30 , 2002
The Stock Exchange of Thailand
62, Ratchadapisek Road, Klongtoey
Bangkok 10110
Attention : President of The Stock Exchange of Thailand
Subject : Filing Unreviewed Financial Statements and
Business Operations' Explanation for Quarter 3,
2002
Attachment : 1. Unreviewed Financial Statements for Quarter 3
(Thai 1 Copy)
2. Unreviewed Financial Statements for Quarter 3
(English 1 Copy)
According to that the Bangchak Petroleum Public Company
Limited (BCP) has filed unreviewed financial statements following the
Stock Exchange of Thailand's guidelines for filing unreviewed and
unaudited financial statements;
The Company would like to file unreviewed financial
statements for quarter 3 ending September 30, 2002 and also
would like to explain reasons for the variation in business operations
in accordance with the profit and loss account more than 20 percent
from that of the same period of 2001 as followed :
Regarding the 3rd quarter's business operations in 2002,
the Company's total revenues are BHT. 14,001 million. The
Earnings before Interest, Tax, Depreciation and Amortization
(EBITDA) is BHT. +453 million as well as the operating profit
(exclude the gain/loss from foreign exchange fluctuations) is BHT.
64 million. As for the loss from foreign exchange fluctuations, it
totals BHT. 167 million. Consequently, the net loss is BHT. 99
million- lower than that of the same quarter in 2001 BHT. 746 million
(the 2001 third quarter's net loss was BHT. 845 million). An
improvement in the Company's business operations from the same
quarter in 2001 results from the followings :
1. Sales The Company experiences an average increase of
15.1% in retail and industrial markets over the same period
of last year. This has been resulted from improvements of all
service stations and convenience stores' new image and
service aiming at maximizing customers' satisfaction.
Furthermore, the Company has just developed and launched
new fuel oil product "Fuel Oil: Low Concarbon", which lowers
emissions from industry comparing to the ordinary fuel oil does.
This distinctive qualification enables users to lessen the
maintenance expense in production process and reduce the air
pollution problem.
2. Production For this quarter, the Company lifts up the capacity
utilization about 5.4% comparing to that of the same period
of the preceding year and has continually extended its
cooperation with other refineries in order to reduce cost
together with increase the Company's revenue. Also, the
Company has had the strong endeavor in refinery
efficiency's continuous improvement.
Though the Company's operating profit (exclude the gain/loss
from foreign exchange fluctuations) is BHT. 64 million, it yet has
this quarter's net loss totaling BHT. 99 million - mainly from the
loss from foreign exchange fluctuations. The said loss from foreign
exchange fluctuations affected from Baht depreciation against US.
Dollar around 1.80 BHT./USD. comparing to the beginning of this
quarter's exchange rate leads to higher burden in Company's foreign
loans and trade accounts payable.
Please be informed accordingly.
Yours sincerely
(Mr. Chokchai Atsawarangsalit)
Corporate Planning Manager
Corporate Planning Office
Tel: 0-2335-4583