SET Announcements

Date : 13/05/2003 08:58 NOBLE : OPERATING RESULTS May 12, 2003 To: President The Stock Exchange of Thailand Re: Declaration of the performance of Noble Development Public Company Limited and its subsidiaries According to the performance of Noble Development Public Company Limited and its subsidiaries for the three months period ended March 31, 2003 reported net profit of 165.92 MB comparing to the same quarter and the forth quarter of the previous year, which recorded net profit of 41.76 MB and 85.53 MB, respectively, the Company would like to clarify that the change of the performance more than 20% compared to the previous year is mainly due to 1. In the first quarter of the year 2003, the Company recorded revenue from sales totaling 737.59 MB, increased by 583 percent comparing to 107.94 MB for the same quarter of the previous year and increased by 89 percent comparing to the forth quarter of the year 2002. The Company's gross profit for the first quarter of 2003 totaling 231.67 MB, equal to 31.4 percent of revenue from sales. 2. In the first quarter of 2003, the Company's selling and administrative expense equal to 10.1 percent of revenue from sales, comparing to 43.4 percent of the same quarter in 2002. 3. Interest expenses for the first quarter of 2003 decreased by 25.2 percent comparing to the forth quarter of 2002. Please be informed. Sincerely, Sitti Leelakasamelerk Director