SET Announcements
10 May 2006
To notify the 20% increase of the earning from operating
Ref. SCG-SET-06-009
10 May 2006
To: The President
The Stock Exchange of Thailand
Re: To notify the 20% increase of earning from
operating
Regarding to the substantial increase of the net income amount of
72.85 million Baht or 218.20 %, from the same period of the previous year as
indicated in the submitted interim financial statement, the company hereby
clarify that such high variance of the net income was the result of the low
net income of 33.38 million Baht in the previous year which affected by the
major overhaul of the steam turbine generator. The 15 days shutdown maintenance
of the steam turbine generator during January-February 2005 significantly
reduced the earning as follows
1. Maintenance Expenses
In comparing with the normal operation and maintenance cost during the first
three month period 2006 the cost in 2005 was 27.40 million Baht higher due to
the major overhaul expenses .
2. Energy Sales and Production Cost
During the major overhaul period the energy production was limited and the
fuel consumption rate of the electricity generation significantly increased.
In comparing with the normal production in 2006 the energy sales in the first
quarter 2005 was 32.35 megawatt-hour lower at 6.81% higher in fuel consumption
rate. Such reduction in energy sales and higher production cost resulted in the
lower earning in first quarter 2005 amount of 41.96 million .
Sincerely yours
(Mr.Viroj Theeravatvatee)
Managing Director