Highlights for the year 2003
  • Sales of zinc metal reached 113,941 mt, up 0.08% from 2002
  • Domestic sales of zinc metal rose 5%
  • Ratio of domestic and export sales stood at 80:20
  • Average world zinc price equaled USD 828 per mt, an increase of 6.3% from the average of USD 779 per mt in 2002
  • Consolidated net profit of Baht 2,841, while equity method registered net profit of Baht 2.80 million
  • Mineral resources total 4,595,000 mt, with a 12.3% zinc content (as of 31 December, 2003)
  • Construction of the full-scale Flotation plant completed in December 2003, enabling the transformation of low grade ores into higher quality ores. Production capacity is 60,000 mt annually
  • The Smelter awarded certification of ISO 9001:2000 quality standards on January 8, 2003
  • The Smelter received certification for a standardized laboratory facility in compliance with standards of ISO/IEC 17025:1999 from the Ministry of Industry on June 14,2003
  • The Smelter received the outstanding medium-sized industrial manufacturer award for 2003 labor welfare from the Ministry of Labor on June 26, 2003
  • The Calcine plant received recognition for its occupational health and safety management systems by earning the TIS 18001 and OHSAS accreditation from the BVQI on December 12, 2003
  • Selected as 1 of 50 top ranked companies for corporate governance among the 234 registered companies in Thailand by the Thai Institute of Directors


Financial Highlights

Financial Highlights (Consolidated) End of Year 1999 2000 2001
Operational Results
Sales (million baht) 4,444.45 5,309.38 5,197.36
Total Revenues (million baht) 4,461.79 5,315.45 5,222.02
Gross profit (million baht) 926.57 1,085.26 805.89
Net Profit (Loss) (million baht) 145.02 210.99 335.30
Net Profit (Loss) Per Share (baht) 0.96 1.27 1.48
Net Profit (Loss) Per Total Revenue % 3.25 3.97 6.42
Total Assets (million baht) 4,886.50 5,120.55 4,652.22
Total Liabilities (million baht) 3,583.17 2,591.48 1,786.99
Shareholders’ Equity (million baht) 1,303.34 2,529.07 2,865.23
Return on Assets % 2.94 4.22 6.86
Return on Equity % 11.13 8.34 11.69
Debt to Equity Ratio (times) 2.75 1.02 0.62
Book Value Per Share (baht) 9.11 15.23 12.68
Dividend Per Share (baht)