Ref. No.UMI 13/2008 August 14, 2008
Subject: Clarification of Operating Results of the Company and Subsidiaries
for the 2nd 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
June 30, 2008 which were reviewed by certified auditor. The results of
operating of Q2/2008 compared to those in Q2/2007 are as followings:
(Unit : million baht) 2nd Quarter Change Increase / (Decrease)
2008 2007 Million baht percent
Sales Revenues 582 523 58 11%
Net profit (Loss) (12) (37) 25 68%
The significant changes of operating result of Q2/2008 compared to
results of Q2/2007 are as follows:
1. Revenue from sales for Q2/2008 was increased by 11 percent from that
of Q2/2007, due to an increase in sales volume together with an
increase in high value added product sales volume as planned.
2. Gross profit margin for Q2/2008 was 14% higher than 9% gross profit
margin of Q2/2007. 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 by 35%
compared to price of Q2/2007.
3. Selling and administrative expenses for Q2/2008 increased by 19
percent, which was due to higher delivery cost from a rise in fuel
price.
Please be informed accordingly.
Yours sincerely,
(Miss Paweena Laowiwatwong)
The Chairman of Executive Board of Directors
The Union Mosaic Industry Public Company Ltd.
