13 February 1995

clarifies news on growth rate

Sino-Thai Engineering & Construction Plc (STECON) clarified a published report on February 12, 1995 stating that in 1995 the company would reach a sales volume amount of Bt4.2 billion, a net profit of Bt466 million and an EPS of Bt15.5. This is compared with figures from the previous year when sales volume was Bt3.66 billion, net profit was Bt390 million and EPS was Bt13. The growth rate is thus 20%, the paper said. STECON said the above news did not originate from the company but it could have arisen from the content of the analysis of the company's financial analyst. Translated by The Nati