May 15, 2006
Subject :The explanation of the over 20% year-on-year change in
operating result
To:Director and Manager
The Stock Exchange of Thailand
Asian Property Development Plc. would like to explain on 57.2%
increase of Q1 2006 profit from the same period of last year.
This was due mainly to a 48.3% year-on-year rise in revenue to
1,546 million Baht, driven by strong sales of property
development.
As a result, our Q1 2006 net profit was 233.5 million Baht
compared to only 148.5 million Baht in Q1 2005.
Please be informed accordingly.
Sincerely Yours,
Mr. Pichet Vipavasuphakorn
Managing Director