Report on Operating Results for the Q2 of 2009

17 August 2009
14th August 2009 The President The Stock Exchange of Thailand Dear Sir, Report on Operating Results for the Second Quarter And the Six-Month Period of 2009 The Company's operating results for the second quarter of 2009, which have been reviewed by certified external auditors, showed a Net Profit of THB 19.33 million, which is an increase of THB 29.13 million, or 297.28% improvement versus prior year. This improvement in Net Profit was due to the following three reasons: 1. Net Sales Revenue increased by THB 79.92 million or 13.41%, driven by an increase in sales volume growth. However, Cost of Goods Sold increased by THB 81.54 million or 18.02%, driven by prices of raw materials and finished goods that have seen an increase since mid-year 2008. As a result, the company's Gross Profit decreased by THB 1.62 million or 1.13% versus the same period of prior year. 2. Contribution of funds from Coca-Cola Thailand to support marketing activities increased by THB 13.52 million or 29.11% compared to the same period in the previous year. 3. Operating and Administrative expenses decreased by a total of THB 23.26 million or 11.10%, resulting from the lower costs of fuel and management's effort to reduce operating costs. For the six-month period of 2009, The Company's operating results showed a Net Profit of THB 3.19 million, representing a decrease of THB 9.83 million, or 75.50% versus the same period of prior year. This decline in Net Profit was due to the following four reasons: 1. Net Sales Revenue increased by THB 18.12 million or 1.44%, driven by an increase in sales volume growth. However, Cost of Goods Sold increased by THB 71.93 million or 7.60%, driven by prices of raw materials and finished goods that have seen an increase since mid-year 2008. As a result, the company's Gross Profit decreased by THB 53.82 million or 17.38% versus the same period of prior year. 2. Contribution of funds from Coca-Cola Thailand to support marketing activities increased by THB 5.29 million or 5.41%. 3. Other Income decreased by THB 6.89 million or 37.53%. 4. Operating and Administrative expenses decreased by a total of THB 40.39 million or 10.00%, resulting from the lower costs of fuel and management's effort to reduce operating costs. This summary report of the Company's operating results for the second quarter and first half of 2009 is duly submitted for your consideration. Yours faithfully, For Haad Thip Public Company Limited Sec.Lt. (Phairoch Rattakul) President & CEO Office of the Managing Director Tel. 0-2391-4488 Ext. 103