News

Clearification Of Change Operation Resulf In Excess Of 20%

24th May, 2005

Subject: Clarification of change in the operating results in excess of 20% in
financial statement

To: Managing Director
    The Stock Exchange of Thailand
 
The companys consolidated operating results showed a net profit of Baht 721.02
million in the financial statements for year ended 31 March 2005, being an
increase in net profit of Baht 353.95 million or 96.43% compared to the year
ended 31 March 2004, or an excess of 20%.

The company will accordingly like to clarify the reasons for this change as
follows:
The company recorded total revenues of Baht 3,355.02 million, being an increase
over the preceding year by Baht 1,637.17 million or 95.30% and total expenses
(cost of sales and selling and administrative expenses) of Baht 2,607.61 million
being an increase over the preceding year by Baht 1,283.38 million or 49.22%.
The main reason of this increase was the commencement of Line 2 of 19,500 MT
production capacity from November 12, 2003 onwards due to which the total sales
rose from 22,327 MT for the preceding year to 38,539 MT for the current year.

The administrative expenses were higher also due to expenses incurred by
Polyplex Europa Polyester Film Sanayi Ve Ticaret Anonim Sirketi (PE)
(subsidiary of Polyplex (Singapore) Pte. Ltd. (PSPL) of which PTL holds a stake
of 100%), incorporated on 20 September 2004 which is under construction.



Please be informed accordingly.

Yours sincerely,


Mr. Manish Gupta
Director