Highlights for the year 2001

  • Consolidated net profits total Baht 335.50 million, an increase of 58.92% over the year 2000
  • Net profits total Baht 185.50 million, on the equity method, a decrease of 42.69 % from the year 2000
  • Average world zinc metal price drops 21% to USD 886 per metric ton (mt)
  • Overall zinc sales volume increased by 5% to 105,697 mt
  • Domestic zinc sales expanded from 72% in the year 2000 to 75% in 2001
  • Sales of zinc specialty products grew from 23% to 30%
  • 3,571 mt of zinc CGG 21, a new specialty zinc alloy product, is produced to respond to the growing needs of our customers
  • Total zinc production reached 104,797 mt, an increase of 3.61%
  • The company’s liabilities were reduced by 31.04%, as a result of asset management and debt refinancing, implemented during early 2001, which transferred long term debts into Baht denominated currency and dramatically reduced the cost of interest payments
  • As of December 31, 2001, total ore resources at the Mae Sot mine totaled 5,136,000 dry metric tons (dmt) @12.0% zinc content
  • Testing at the flotation pilot plant resulted in successful upgrading of low grade ores from a zinc content of 8% to more than 30%, making it possible for the company to fully utilize lower grade ores

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)





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