News

Operating Results for Q1/2007

SIS : Operating Results for Q1/2007

Ref. 50/007

May 14, 2007

Subject : Reporting on Company's Financial Performance for the Quarter 1/2007

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 1/2007 as of March 31, 2007 which are reviewed by registered auditors. The company's net profit for the quarter is 22.2 million baht decreased by 5.2 million baht or decreased by 19.0 % over same period of last year. The detail are as follows :

1) IT Industry
For the last few years, IT industry in Thailand grow more than 10% per year. Slow economic which result from current political situation start to impact IT industry. However, as IT help improve productivity of both organization and individual, we believe that IT industry in this year will still be same as last year or slightly increase.

2) Total Revenue
Total revenue for the first quarter ended March 31, 2007 is 2,253 million baht, decreased by 5.5% over same period of last year. The decreasing of revenue is the result of slow economic from current political situation.

3) Total Expense
Total expense for the first quarter ended March 31, 2007 is 2,209 million baht, decreased by 5.6% over same period of last year which follow the decreasing of total revenue.

4) Net Profit
Net profit for the first quarter ended March 31, 2007 is 22.2 million baht, decreased by 19% over same period of last year. Percent of decrease is high because of interest expense which is higher by 11% and income tax which is higher by 71% over the same period of last year.

5) Earning Per Share
Earning per share for the first quarter is 0.11 baht, decrease by 21.4% over same period of last year.

 

Yours sincerely,

Mr. Somchai Sittichaisrichart
Managing Director