Company Performance for 1st Quarter 2005

BackMay 16, 2005

  

     
                                   - Translation -
     
     RPC/HO-SET/ELICID 0007/05
     
     May 16th, 2005
     
     Subject : Company Performance for 1st Quarter 2005
     
     To       : President
       The Stock Exchange of Thailand
      
     Rayong Purifier Public Company Limited and its subsidiaries would like
     to clarify the 49.58 % or 40.65 Million Baht increase in the Company's
     Net Profit after Tax in 1st Quarter 2005 (1Q05) compared to 1st Quarter
     2004 (1Q04). The key factors that caused the increase of Net Profit
     from 81.99  Million Baht in 1Q04  to 122.64 Million Baht in 1Q05  can
     be summarized  as follows:-
     
     1. Production Increase
     The production volume in 1Q05 has increased by 32% or 45 Million Liter,
     from 139
     Million Liter in 1Q04 to 184 Million Liter in 1Q05. This is as a result
     of no plant shut down in 1Q05 compared to 1Q04 which had 24 days major
     plant shut down for equipment repairing and maintenance. Therefore the
     number of production days in 1Q04 was less than 1Q05.
     
     2. Sales Revenue Increase
     The Sales Revenue in 1Q04 was increased 41.10% or 810 Million Baht,
     from 1,971 Million Baht in 1Q04 to 2,781 Million Baht in 1Q05. The
     Sales Increase comprised of increase in domestic sales and export
     sales. This increase is because of the increase in production and the
     rise of world oil price.
     
     3. The Increase of Gross Profit
     In 1Q05, the company has 236 Million Baht of Gross Profit, increased
     19% or 37 Million Baht compared to 199 Million Baht in 1Q04. The
     increase in Gross Profit is due to the decrease of pricing competition
     environment, which resulted from the policy of controlled diesel oil
     price.
     
     As a result, the company net profit has increased by 49.58% or 40.65
     Million Baht in 1Q05 compared to 1Q04.
     
     
     Please be so informed.
     
     
     
     
     Sincerely Yours,
     
     
     
     Ms. Siraporn Krishnakan
     Assistant to  Managing Director
     
     
     
     
     Investor Relations / Managing Director Office
     Tel 0 2515-8600 Ext.8671