Investor relations
Report to SET
01/03/2012
Clarification on Company's performance for year 2011
Ref. PDI/BK-BS-014/2012
29 February 2012
To: President
The Stock Exchange of Thailand
Re: Clarification on Companys performance for year 2011
Attached please find a copy each of Thai and English version of the company only and consolidated financial statements of Padaeng Industry Public Company Limited for the year ended 31 December 2011 for the SETs information.
For year 2011, Padaeng Industry Public Company Limited announces a consolidated net profit of 4.3 MTHB as compared to 413 MTHB in 2010. Net profit per share is 0.02 THB compared to a net profit per share of 1.83 THB in 2010. The revenue from sales and services for year 2011 amounted to 7,323 MTHB as compared to 8,142 MTHB in 2010.
The London Metal Exchange (LME) average zinc cash settlement price for 2011 was 2,193 US dollar per tonne (USD/tonne), only 1.5% increase from 2,161 USD/tonne achieved in 2010. The average US dollar (USD) exchange rate to the Thai Baht (THB) for 2011 was 30.64 THB/USD, 4% strengthen compared with 31.87 THB/USD in 2010. As a result, the average zinc price expressed in Thai Baht decreased slightly from 68,871 THB/tonne in 2010 to 67,194 THB/tonne in 2011.
The revenues and net profit have been affected by production shortfalls, higher raw materials cost and a 10 % reduction in zinc sale (95,062 tons in 2011 as compared to 105,838 tons in 2010) resulted partly from the flood in the fourth quarter of 2011.
Please be informed accordingly.
Yours truly,
- Signature -
(Surin Tanticharoenkiat)
Company Secretary
Board Secretary Division
Tel. 0 2695 9499 Ext. 9335
Fax. 0 2695 9493
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