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Highlights for the year 2001
- Consolidated net profits total Baht 335.50 million, an increase of 58.92% over the year 2000
- Net profits total Baht 185.50 million, on the equity method, a decrease of 42.69 % from the year 2000
- Average world zinc metal price drops 21% to USD 886 per metric ton (mt)
- Overall zinc sales volume increased by 5% to 105,697 mt
- Domestic zinc sales expanded from 72% in the year 2000 to 75% in 2001
- Sales of zinc specialty products grew from 23% to 30%
- 3,571 mt of zinc CGG 21, a new specialty zinc alloy product, is produced to respond to the growing needs of our customers
- Total zinc production reached 104,797 mt, an increase of 3.61%
- The company’s liabilities were reduced by 31.04%, as a result of asset management and debt refinancing, implemented during early 2001, which transferred long term debts into Baht denominated currency and dramatically reduced the cost of interest payments
- As of December 31, 2001, total ore resources at the Mae Sot mine totaled 5,136,000 dry metric tons (dmt) @12.0% zinc content
- Testing at the flotation pilot plant resulted in successful upgrading of low grade ores from a zinc content of 8% to more than 30%, making it possible for the company to fully utilize lower grade ores
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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