DECLARATIONS OF THE COMPANY'S PERFORMANCE Q1/2000

16 พฤษภาคม 2543
May 15, 2000 Manager The Stock Exchange of Thailand Dear sir: According to the performance of Noble Development Public Company Limited and its subsidiaries for the three months period ended March 31, 2000 reported net profit 6.6 MB, increased more than 20% from the same period of the previous year which reported net loss 76.2 MB. The company would like to clarify that the increase of the net profit compared to the previous year mainly due to - Since the success of the company's debt restructuring in 1999, liabilities of the company and its' subsidiaries were decreased totaling 1,935.3 MB. As a result, interest expenses in the year 2000 were obviously decreased of 56.3 MB or 81% compared to the same period of the previous year. - In 2000, the company's gross profit increased totaling 20.0 MB, compared to the previous year which reported gross loss of 5.8 MB. Please be informed. Sincerely, Sitti Leelakasamelerk Director