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Reporting on Big C Financial Results for Q 3 2006

BackNov 13, 2006

10 November 2006

To: The Director and Commissioner of the Stock Exchange of Thailand

Ref: Reporting on Company Financial Results for the third quarter of 2006.

Dear Sir,

          Big C Supercenter PCL is pleased to report the third quarter results of its company and subsidiaries that have been examined by Ernst & Young auditors as of 30 September, 2006 as follows:

          The operating results of the Company and its subsidiaries for the third quarter of 2006 reflected a Net Profit of Baht 427.8 million as compared to a Net Profit of Baht 349.9 million over the same period last year representing an increase of 22.3 %. An increase in the net profit is based on the following reasons:

1. Net sales during the third quarter of 2006 amounted to Baht 14,324 million for the company and its subsidiaries, which represented an increase of Baht 1,079 million or 8.1% over the same period last year. The significant increase in sales was supported by the success of our expansion program. Since the beginning of 2006, two new stores have been opened which were Phrae and Ratchaburi. Besides store expansion, a sale from existing stores was also a significant driving force for our continuous sale growth.

2. Rental and Service Income from tenants for the third quarter of 2006 was Baht 613 million which represented an increase of Baht 74 million or 13.7% over the same period last year due to new store expansion.

3. Other Income including income from suppliers subsidies of in-store promotions, manufacturer promotions and others in the third quarter of 2006 was Baht 1,194 million, which represented an increase of Baht 189 million or 18.8% over the same period last year.

4. Gross Profit of Baht 1,377 million in the third quarter of 2006 represented an increase of Baht 199 million or 16.9 % over the same period last year. This increase resulted from our continuous sales growth, due partially to the customer feedback to our Pricing Policy of being the price leader.

5. Selling and Administration Expenses of Baht 2,529 million in the third quarter of 2006 represented an increase of Baht 337 million or 15.4 % over the same period of last year which was caused by new store expansion.

6. Interest expenses for the third quarter of 2006 was Baht 22 million which represented an increase of Baht 6 million or 37.5% over the same period last year.

7. Corporate income tax for the third quarter of 2006 was Baht 203 million, up Baht 43 million over the same period of last year.

Yours very truly,

 

Mr. Yves Braibant 
 CEO & President