Ref. No.UMI11/2008 May 14, 2008
Subject: Clarification of Operating Results of the Company and
Subsidiaries for the 1st quarter of 2008
To: Secretary - General
The Office of Securities and Exchange Commission, Thailand
The Union Mosaic Industry Public Company Limited has submitted the
company's consolidated Financial Statements for the three - month ended as
at March 31, 2008 which were reviewed by certified auditor. The results of
operating of Q1/2008 compared to those in Q1/2007 are as followings:
(Unit : million baht) 1st Quarter Change Increase / (Decrease)
2008 2007 Million baht percent
Sales Revenues 661 576 85 15%
Net profit (Loss) (6) (57) 51 90%
The significant changes of operating result of Q1/2008 compared to
results of Q1/2007 are as follows:
1. Revenue from sales for Q1/2008 was increased by 15 percent from
that of Q1/2007, due to an increase in sales volume which was a
result of company policy in research and development to increase
product value, and an expansion in distribution channel and
customer group.
2. Gross profit margin for Q1/2008 was 13% higher than 9% gross
profit margin of Q1/2007. The higher margin came from a success
in product development to create value added of product,
together with an improvement in production line to decrease loss,
which resulted in lower production cost while energy price was
increasing.
3. Selling and administrative expenses for Q1/2008 decreased by 13
percent, which was due to the company's policy to re-organize and
to lower delivery cost by logistic improvement.
4. Interest expense for Q1/2008 was decreased by 14 percent from that
of Q1/2007, due to repayment of long-term debt as scheduled. As of
March 31, 2008, the company's net outstanding balance of long-term
debt was baht 558 million, which was decreased by baht 172 million
compared to that as of March 31, 2007.
Please be informed accordingly.
Yours sincerely,
(Miss Paweena Laowiwatwong)
The Chairman of Executive Board of Directors
The Union Mosaic Industry Public Company Ltd.
