ข่าวแจ้งตลาดหลักทรัพย์
UNREVIEWED F/S AND BUSINESS OPERATIONS' EXPLANATION Q1 2003
1600 / 074 / 2003
April 28 , 2003
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 1, 2003
Attachment : 1. Unreviewed Financial Statements for
Quarter 1 (Thai 1 Copy)
2. Unreviewed Financial Statements for
Quarter 1 (English 1 Copy)
According to that the Bangchak Petroleum Public
Company Limited (BCP) has filed unreviewed and unaudited
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 1 ending March 31, 2003 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 2002 as follow :
Regarding the 1st quarter's business operations in
2003, the Company's total revenues were BHT. 14,474
million and it reported the net profit of BHT. 422 million-
higher than that of the same quarter in 2002 BHT. 115 million
(the 2002 first quarter's net profit was BHT. 307 million). An
upgrade in the Company's profit was resulted from an
improved refining margin. This was caused by the continual
rising oil prices in the world markets which continued from
early 2003 to the beginning of March as a consequence of the
prolonged strike in Venezuela together with US-Iraq war. Thus,
these created demand for oil stock in the markets.
Please be informed accordingly.
Yours sincerely,
(Kiatchai Maitriwong)
Assistant Vice President,
Corporate Planning Office
Corporate Planning Office
Tel: 0-2335-4583