Clarification on Operating Results for the year 2009

BackFeb 19, 2010

No. RPC/HO-SET/ELCID-0007/2553

19 February 2010

Re: Clarification on the Operating Results for the year 2009

To: Director and Manager The Stock Exchange of Thailand

In 2009, the global economic crisis showed the sign of recovery, resulting in the oil price having a potential to increase and fluctuate.

According to the Operating Results in 2009, Rayong Purifier Public Company Limited (the "Company") and its subsidiaries have the Net Profit of 333 million Baht.Earning per Share is 0.69 Baht per share. The operating results increase to 837 million Baht or 166% , comparing to the Net Loss in the previous year of 504 million Baht or 1.01 Baht per share.

This year the Company and its subsidiaries have the Total Income of 15,461 million Baht, decreasing by 7,117 million Baht or 32% , comparing to the Total Income of the previous year of 22,578 million Baht. This is because the oil price has reduced greatly from the economic crisis, resulting in the average price of gas oil in 2009 being 69.13 USD/BBL, comparing to the average price of gas oil in the previous year of 120.24 USD/BBL. However, the sale volume of this year decreases to 750 million liters from 850 million liters in the previous year.

The Selling and Administration Expenses in 2009 decreases by 71 million Baht or 14% , comparing to the previous year. This is because all staffs have cooperated to reduce expenses and the transportation costs were reduced. The Interest Expense decreases by 8 million Baht or 12%, comparing to the previous year. This is because the utilization of Working Capital was decreased and the Interest Rate for Short-Term Loan was decreased.

According to the financial status of the Company and its subsidiaries as at 31 December 2009, the Company and its subsidiaries have the Total Assets of 3,713 million Baht, the Total Liabilities of 2,573 million Baht and the Total Shareholders' Equity of 1,140 million Baht.

 

Please be informed accordingly.

 

Yours Sincerely,

 

(Siraporn Krishnakan)
Assistant to Managing Director

 

Investor relation / Office of Managing Director
Email: ir@rpcthai.com
Tel. 0-2515-8623

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