The explanation of the over 20% year-on-year

BackAug 15, 2006

August 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 40.4% increase
    of Q2 2006 profit from the same period of last year. This was due mainly
    to a 59% year-on-year rise in revenue to 1,736 million Baht, driven by
    strong sales of property development.
   
    As a result, our Q2 2006 net profit was 234.4 million Baht compared to
    only 167 million Baht in Q2 2005.
   
    Please be informed accordingly.
   
   
    Sincerely Yours,
   
   
    Mr. Pichet Vipavasuphakorn
    Managing Director