09 November 2009
Clarification Financial Statement Q3/2009
Ref. No.: A/C ST. 0761/2009
November 9, 2009
Subject : Clarification of STEC' s financial statement ended 30 September 2009.
To : President of the Stock Exchange of Thailand
Dear Sirs,
We, Sino-Thai Engineering & Construction Public Company Limited, would like to
provide the clarificationon quarterly financial statement ended 30 September
2009 which showed net profit of equity holders of theparent Baht 76.39 million
for the three-month period and Baht 166.85 million for the nine-month period
comparing to the same periods of the previous year net profit of equity
holders of the parent at Baht 44.26million and Baht 96.37 million respectively
which showed the increase of net profit in the amount of Baht32.12 million
equal to 72.58% for the three-month period and Baht 70.49 million equal to
73.14% for thenine- month period comparing to the same period of the previous
year due to the following reasons:
1. The company and subsidiary companies's gross margin for the
three-month period and nine-month period were 4.18% and 3.99% comparing to
the same periods of the previous year were 3.73% and 3.44% respectively.
2. Financial cost decreased in the amount of Baht 21.94 million and Baht
57.86 million for the three- month period and nine-month period of the
previous year .
rd
3. For the 3 Quarter of 2009 the company recorded gain on sales of
long-term investment in the
amount of Baht 12.44 million.
Please kindly be informed.
Yours sincerely,
___________________________
(Mr. Woraphant Chontong)
Director