ข่าวแจ้งตลาดหลักทรัพย์
Unreviewed F/S and Business Operation's Explanation Q2/2003
1600 / 125 / 2003
July 30, 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 2, 2003
Attachment : 1. Unreviewed Financial Statements for Quarter 2 (Thai 1 Copy)
2. Unreviewed Financial Statements for Quarter 2 (English 1 Copy)
As 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 2 ended July 30, 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 to the 2nd quarter's business operations in 2003, the Company's
total revenues were BHT. 14,971 million and it reported the net loss of BHT. 920
million- higher than that of the same quarter in 2002 BHT. 1,260 million (the 2002
second quarter's net profit was BHT. 341 million). Such loss resulted from the
continual decreases of oil prices in the world markets after the US-Iraq war occurred.
This affected to the lower Company's revenues, while its costs of good sold were the
crude prices purchased in the first quarter, which was high. Thus, the Company
realized such damage by BHT. 800 million in the second quarter.
Please be informed accordingly.
Yours sincerely,
(Kiatchai Maitriwong)
Assistant Vice President, Corporate Planning Office
Corporate Planning Office
Tel: 0-2335-4583