News

Reporting on Company's Financial Performance for Q2/2006

SIS  : Operating Results for Q2/2006

Ref. 49/011

August 10, 2006

Subject : Reporting on Company's Financial Performance for the Quarter
          2/2006


To : The Director and Manager of The Stock Exchange of Thailand

        SiS Distribution (Thailand) Public Company Limited would like to
announce Financial Report for the quarter 2/2006 as of June 30, 2006 which
are reviewed by registered auditors. The company's net profit for the quarter
is 17.10 million baht decreased by 5.51 million baht or decrease by 23.02 %
over same period of last year. The details are as follows :

1. Total revenue for the second quarter ended June 30, 2006 is 2,308.52 million
baht, increased by 242.87 million baht or increased by 11.76% over same period
of last year. The growth of total revenue is in line with IT Industry growth in
Thailand.
2. The gross profit for the second quarter ended June 30, 2006 is 96.91 million
baht, decreased by 16.16 million baht or decreased by 14.29% over same period
of last year. The gross profit after exchange rate impact adjusted for the
second quarter ended is 95.69 million baht, decreased by 8.41 million baht or
decreased by 8.08%. The lower gross profit is a result of higher competition
and company's direction to reduce inventory by pushing sales during second
quarter which will help improving the efficiency of working capital utilization.
3. Selling and administrative expenses (SG&A) for the second quarter ended June
30, 2006 is 65.71 million baht, decreased by 14.42 million baht or 18.00% over
same period of last year.  Selling and administrative expenses excluded from
exchange rate impact for the second quarter ended June 30, 2006 is 64.50 million
bath, decreased by 6.67 million baht or decreased by 9.37%. They mainly
decreased from reduction in inventory reserve level which caused by better
inventory management.
4. Net Profit for the second quarter ended June 30, 2006 is 17.10 million baht,
decreased by 5.11 million baht or 23.02% over same period of last year. It
mainly caused by interest rate increase  which the company has interest paid
5.72 million baht higher than same period of last year.



Yours sincerely,




Mr. Somchai Sittichaisrichart

Managing Director