Highlights for the year 2003- Sales of zinc metal reached 113,941 mt, up 0.08% from 2002
- Domestic sales of zinc metal rose 5%
- Ratio of domestic and export sales stood at 80:20
- Average world zinc price equaled USD 828 per mt, an increase of 6.3% from the average of USD 779 per mt in 2002
- Consolidated net profit of Baht 2,841, while equity method registered net profit of Baht 2.80 million
- Mineral resources total 4,595,000 mt, with a 12.3% zinc content (as of 31 December, 2003)
- Construction of the full-scale Flotation plant completed in December 2003, enabling the transformation of low grade ores into higher quality ores. Production capacity is 60,000 mt annually
- The Smelter awarded certification of ISO 9001:2000 quality standards on January 8, 2003
- The Smelter received certification for a standardized laboratory facility in compliance with standards of ISO/IEC 17025:1999 from the Ministry of Industry on June 14,2003
- The Smelter received the outstanding medium-sized industrial manufacturer award for 2003 labor welfare from the Ministry of Labor on June 26, 2003
- The Calcine plant received recognition for its occupational health and safety management systems by earning the TIS 18001 and OHSAS accreditation from the BVQI on December 12, 2003
- Selected as 1 of 50 top ranked companies for corporate governance among the 234 registered companies in Thailand by the Thai Institute of Directors
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Financial Highlights
| Financial Highlights (Consolidated) | End of Year | 1999 | 2000 | 2001 | | Operational Results | | Sales | (million baht) | 4,444.45 | 5,309.38 | 5,197.36 | | Total Revenues | (million baht) | 4,461.79 | 5,315.45 | 5,222.02 | | Gross profit | (million baht) | 926.57 | 1,085.26 | 805.89 | | Net Profit (Loss) | (million baht) | 145.02 | 210.99 | 335.30 | | Net Profit (Loss) Per Share | (baht) | 0.96 | 1.27 | 1.48 | | Net Profit (Loss) Per Total Revenue | % | 3.25 | 3.97 | 6.42 | | Total Assets | (million baht) | 4,886.50 | 5,120.55 | 4,652.22 | | Total Liabilities | (million baht) | 3,583.17 | 2,591.48 | 1,786.99 | | Shareholders’ Equity | (million baht) | 1,303.34 | 2,529.07 | 2,865.23 | | Return on Assets | % | 2.94 | 4.22 | 6.86 | | Return on Equity | % | 11.13 | 8.34 | 11.69 | | Debt to Equity Ratio | (times) | 2.75 | 1.02 | 0.62 | | Book Value Per Share | (baht) | 9.11 | 15.23 | 12.68 | | Dividend Per Share | (baht) | – | – | – |
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