Clarification for the change more than 20% in Q3/2008
SET 25/2008
14th November 2008
Subject Clarification for the change in Q3/2008 operating result changed more than 20 %
Attention President of the Stock Exchange of Thailand
Major Cineplex Group Public Company Limited (the 'Company') would like to submit the Stock Exchange of Thailand of its third quarter financial statement ending 30th September 2008 which is approved by the Board of the Directors' Meeting as details below;
The Company's management would like to explain its third quarter ending 30th September 2008 (Q3/2008) in comparison with the third quarter financial statement ending 30th September 2007 found that the operation of the Company has changed more than 20% by the following reasons;
Net profit in Q3/2008 ending 30th September 2008 is 122.39 million baht and was decreased, when comparing with same period of the year 2007, the Company had the net profit in amount of 168.75 million baht or 27.47% caused the Company's revenue from box office was decreased, when comparing with the same period of the year 2007, in amount of 64.7 million baht or 9.3 %. Moreover, the Company's revenue from advertisement was also decreased in approximately 30 million baht cased by the decreasing of cinema' business. Beside, the Company's revenue from sale of VCD and copyright of cinemas were decreased in amount of 59.6 million baht because of the adjustment of the revenue structure of business and also such revenue was not included the revenue of M Picture Co., Ltd. In addition, the incomes from other businesses will continually grow i.e. the income from the sale of food and beverage, bowling, space rental and service fee.
For the total assets of the Company in Q3/2008, when comparing with the same period of the year 2007, the total assets of the Company was decreased in amount of 264 million baht or 2.8 % caused by the allocation of interim dividend of the Company in last September 2008. While, the current liabilities of the Company were decreased, when comparing with the same period of the year 2007,in amount of 21.6 million baht but it is not significant decreasing. Furthermore, shareholders' equity in Q3/2008, when comparing with the same period of the year 2007, was decreased in approximately 242 million baht caused by the allocation of interim dividend of the Company also.
For Net D/E Ratio in Q3/2008 is 0.34 which is not consider as significant increasing, when comparing with the end of the year 2007, which is 0.30. Finally, the Company Book Value in Q3/2008 is 6.1 baht per share and ESP is 0.14 baht per share.
Please be informed accordingly,
Yours Faithfully,
( Mr. Chattaphum Khuntiviriya )
Corporate Secretary