13 August 2009
Operating Result for the second quarter of 2009
SBN 023/2009
August 13, 2009
Subject : Operating Result for the second quarter of 2009
To : The Managing Director, the Stock Exchange of Thailand
Sabina Public Co., Ltd. would like to clarify the operating result of the
second quarter of 2009 as follows:-
For the second quarter of 2009, Sabina Public Co., Ltd. had the total revenue
from sales & service
amount 380.44 million baht which decreased by 16.78% or equivalent to 76.71
million baht from the
same period in 2008. This was the result from the reducing in sales revenue of
OEM department amount
101.31 million baht due to economic crisis in USA and Europe, the OEM
customers reduced their orders
and concentrated in ordering cheaper products according to the reducing in
demand from the end
customers. The increase sales revenue of 24.95 million baht from Sabina-brand
products was unable to
compensate with the decrease sales revenue from OEM products. This was the
result in reduce of the
company's total revenue.
The cost of goods sold amount 237.48 million baht for the second quarter of
2009, which decreased by
39.97 million baht or 14.41% from the same period in 2008. The Company had a
gross profit of 142.96
million baht or 37.58%.
For the second quarter of 2009, the Company had Selling General and
Administrative expenses of 131.22
million baht which increased by 12.91 million baht or 10.91% from the same
period in year 2008. Due to
the second quarter of 2009, the company had sales promotion expenses in order
to increase sales for
product under trademark of subsidiary. The company had the operating profit of
11.74 million baht
or3.09% by operating these activities.
For the second quarter of 2009, net profit of the company was 6.54 million
baht, which decreased by
40.99 million baht or 86.24% from the same period in year 2008. This was the
result in reduce of
company's total sales. The company's net profit margin was 1.69%
Please be informed accordingly.
Respectfully yours,
(Mr.Apisit Jongkittipong)
Director