11 August 2004
Submission of Financial Statements for the 2nd Quarter of 20
August 11, 2004
To: President,
Stock Exchange of Thailand.
Re: Submission of Financial Statements for the 2nd Quarter of 2004.
Enclosures: Financial Statements for the 2nd quarter of 2004 and
the relevant management discussion and analysis.
We are sending you herewith the enclosed financial statements
of the company and the consolidated statement of the group for the 2nd
quarter of 2004 ended June 30, 2004, which were reviewed by both the
Auditor and our Audit Committee.
The net profit of BEC World group for the 2nd quarter of 2004
is Baht548 millions, higher than that of the previous quarter by Baht
117 millions thus an improvement of 27 percent as the group was able to
increase its revenue, both the advertising sales revenue and revenue
from other services. However, when compared this net profit with that
of the same quarter of last year it is still Baht78 millions lower
(i.e.-12%) due to higher costs and operating expenses. This year the
group does not have the tax benefits that it enjoyed last year, as well.
The relevant management discussion and analysis is also
provided as per enclosure. Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance