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