SET Announces Third Quarter 2000 Operational Results

Bangkok--Nov 6--SET The Stock Exchange of Thailand today released its official report on listed company operational results for the third quarter, ending September 30, 2000. As of November 3, 2000, 33 listed companies submitted their financial statements. The summary information is as follows: 1. Listed Companies in the Production and Services Sectors Nine listed companies in the Production and Services Sectors have submitted their financial statements. They are companies in the building & furnishing materials, pulp & paper, energy, electronic components, hotels & travel services, and commerce sectors. The total net profit in the third quarter is Bt. 288 million, up by 103% from the total net loss of Bt. 10,183 million in the same period last year. For the past nine months, they have had a total net profit of Bt. 4,857 million, up by 160% from the total net loss of Bt. 8,031 million in the same period last year while the loss from the exchange rate is Bt. 2,491 million. The total net profit, excluding the loss from the exchange rate, is 7,348 million, up by 69% from the total net profit of Bt. 4,340 million in the same period last year. This is because of the sales growth over the past 9 months, which was 28% higher than that of last year, with earnings before income tax of 20%, close to that of last year. The dividend yield rate for the shareholders increased to 4%, when compared to -7% for last year. 2. Financial Sector 2.1 Commercial Banking: In the third quarter, 13 commercial banks has a total net profit of Bt. 74,564 million, up by 260% from the total net loss of Bt. 46,479 million in the same period last year. If the profit and loss from selling foreign exchange to subordinate loans of the two commercial banks were not included, all commercial banks would have the total net loss of Bt. 22,022 million, up by 52.61%, from the total net loss of Bt. 46,479 million in the same period last year. For the past nine months, commercial banks have had a total net loss of Bt. 708 million, down by 100%, from the total net loss of Bt. 211,232 million in the same period last year. This is because the income from interest and net dividends before the provision for doubtful debts losses have increased by 185%, as these banks have high levels of spread. The provision for bad debts losses and doubtful debts losses has decreased by 46%. 2.2 Finance and Securities: In the third quarter, 11 Financial Companies operating in capital had a total net profit of Bt. 791 million, up by 178% from the total net loss of Bt. 1,020 million in the same period last year. Over the past nine months, they have had a total net loss of Bt. 1,435 million, down by 84% from the total net loss of Bt. 8,855 million in the same period last year. This is because the income from interest and net dividends before the provision for doubtful debts losses and the non-interest incomes have increased. Moreover, the provision for doubtful debts losses has decreased, as they have established provisions according to the criteria set by the Bank of Thailand. Additionally, however, listed commercial banks and financial companies have also reported a Non-Performing Loans (NPL) total of Bt. 1.07 million in September, or 33.76% of all loans, before doubtful debts deductions, down by Bt. 500,000 million from the NPLs of Bt. 1.57 trillion in August, or 36.72% of all loans. The main reason for the NPL decrease is the sale of NPL of two commercial banks in the third quarter of 2000. For more information on listed companies' operational results, investors and interested persons can log on to the SIMS systems or go to the SET Web site (www.set.or.th). For more information, please contact: Investor Relations and Communications Tel: 229-2035 or 229-2040-3 Fax: 359-1005 (More) -AN-

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