November 23, 2011
Subject: Clarification of over 20% fluctuation in operating result For the three-month period ended September 30, 2011
To: The President, The Stock Exchange of Thailand
Cc: Secretary-General, The Office of the Securities and Exchange Commission
The consolidated financial statements of RS Public Company Limited and its subsidiaries ("the Company") for the three-month period ended September 30, 2011 illustrate Total Revenues of Baht 747.8 million, Cost of Sales of Baht 519.5 million, and Selling and Administrative Expenses of Baht 151.7 million.
The Net Profit (Attributable to the Shareholders of the Parent Company) of Baht 45.2 million indicates a decrease of Baht 22.9 million or 33.6% from the same period last year, which was reported at Baht 68.1 million.
The Total Revenues of Baht 747.8 million increased by Baht 113.4 million (or 17.9%) from the same period last year. This was primarily due to growth by 184.6% in Showbiz income recognition from concerts, marketing events, and completed organized events. Revenue from Media business rose by 59.7% from all media segments, particularly Free TV and Satellite TV. However, Revenue from Sports business reduced by 95.5% compared with last year. This was due to revenue from the broadcasting of "FIFA World Cup 2010", a major event in 2010.
Cost of Sales increased by 19.1% mainly from the movies production and Satellite TV series cost. The increase in Selling and Administrative Expenses from the same period last year by Baht 35.5 million (or 30.6%) to Baht 151.7 million, was in line with the revenue increase during the period. Additionally there was a reversal of provision for liabilities in the third quarter last year, causing SG&A to drop and appear lower than that of this year.
The Cost of Funds, totaling Baht 0.7 million, was Baht 2.5 million (or 77.4%) lower than the same period last year. This was due to the repayments of the short-term loans and long-term loans.
Please be informed accordingly.
Sincerely yours,
(Darm Nana)
Director and Chief Financial Officer
Authorized to sign on behalf of the company
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