15 November 1996
REPORTS ON SUMMARY OF ITS REVIEWED QUARTERLY FINANCIAL S
Dusit Thani Plc. (DTC) reported on summary of its reviewed quarterly
financial statements as follows:
(In Thousands)
Ending September 30
3rd Quarter For 9 Months
1996 1995 1996 1995
DTC/DTC and its subsidiaries
Net profit (loss) (12,421) 5,927 15,488 121,358
EPS (Bt) (0.21) 0.13 0.26 2.72
The auditor has made additional comment on the financial statements as
follows:
"This interim financial statements did not include accounts of
Philippine Hoteliers Inc., in which DTC holds a 76.21% stake as at
September 30, 1996, and Dusit Thani Delaware Co., Ltd., a company wholly
owned by DTC as at September 30, 1996 and 1995. This is because the
financial statements of these two companies have not been reviewed, and
did not disclose sufficient information for preparation of interim
consolidated financial statements. However, DTC has shown its equity in
net unallocated profit (loss) of the two subsidiaries in the company's
profit and loss statements.
Translated by The Nation