Clearification of change operation results in excess of 20%

30th May, 2006

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

To: Managing Director
      The Stock Exchange of Thailand

The company's consolidated operating results showed a net profit of Baht
560.97  million in the financial statements for year ended 31 March 2006,
being a decrease in net profit of Baht 160.05 million or 22.20% compared
to the year ended 31 March 2005, or an change in excess of 20%.

The company will accordingly like to clarify the reasons for this change
as follows:

On a stand alone basis, the net profit for the company declined from Baht
735.63 million in the preceding year to Baht 686.90 million, a decline of
only 6.62%. The share of losses in subsidiaries has increased from Baht
14.60 million to Baht 125.93 million, an increase of 762%. A large proportion
of the losses in subsidiary companies consists of pre-operative expenditure
and initial start up losses of its subsidiary in Turkey which has commenced
commercial production from December, 2005.

The company recorded total consolidated revenues of Baht 3,427.45 million,
being an increase over the preceding year by Baht 72.43 million or 2.16%
and total consolidated expenses (cost of sales and selling and administrative
expenses) of Baht 2,837.19  million being an increase over the preceding year
by Baht 229.52 million or 8.80% brought about by increase in key input costs
and higher selling & administrative costs incurred by subsidiaries.




Please be informed accordingly.

Yours sincerely,



Mr. Manish Gupta
Director