SET Announcements
26 August 1996
Operating Results
PRESS RELEASE
Berli Jucker announces 25 per cent increase in first half net profits
Berli Jucker Public Co. Ltd. announced its half year results today:
Consolidated total revenues grew by 13% to Baht 4.9 billion; Net profit
for the first six months of the year grew by 25% to Baht 285.2 million;
and earnings per share grew by 25% to Baht 4.94.
Commenting on the results, Dr. Adul Amatavivadhana, Berli Jucker's
President noted: "The Group's results for the year to date reflect very
strong performances from our consumer products and glass containers
businesses and generally low financing costs."
With respect to the second quarter results, which saw consolidated total
revenue growth of 13 per cent and consolidated net profit growth of
21 per cent, Dr. Adul went on to say:
"Our performance in the second quarter reflected a continuation of the
trend established in the first quarter: very strong growth from our
consumer products group, more moderate growth from glass containers and
technical products and mixed results from our engineering businesses.
The growth in our consumer business is being driven by increasing market
share for our tissue products, wines and snack foods and significantly
increased profitability at Cellox Paper.
2/
The Glass containers business is benefiting from our increase in
production capacity in 1995 although we have recently seen some
softening in demand.
The Company's engineering division continues to be profitable and our
Siemens Limited and BJT Water associates both achieved exciting growth
in profitability. However, these advances were largely offset by
losses at our steel tower making subsidiary, Thai Scandic Steel."
Commenting on the outlook for the balance of the year, Dr. Adul went on
to say that:
"In the third quarter of 1995 we booked a large gain on restructuring
our investment with Siemens and there will be no similar gain in 1996.
Some softening in demand growth for glass containers and certain
technical products is anticipated in the balance of the year but I
expect to see improving profit performances from our consumer products
group, which has recently launched a new range of snack foods, and our
engineering businesses."
August 26, 1996
For further information please contact:
Dr. Adul Amatavivadhana, President Tel: 367-1012
Mr. David Nicol, Executive Vice President Tel: 367-1024



