SET Announcements
CLARIFIES FOR Q3/97 RESULT
20 November 1997
Noble Development Plc clarified for dumping performance in comparison
with the same period a year before as follows:
1. Foreign exchange loss soared to Bt136.8 m including Bt30.6 m
realised and Bt99.98 m unrealised.
2. Revenue from sales was 88% less than last year because of economic
malaise causing that Bt381.96 m valued of contracts must be annulled, and
81% sales lower of the company and subsidiaries.
3. As number of creditors slowed down borrowing extension, it must
shoulder higher interest expenses following interest rate hike.