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Thailand Wire Firm Builds on Takeover.

Bangkok Post (Bangkok, Thailand)

| March 05, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Srisamorn Phoosuphanusorn

Mar. 5--After working hard to return to profitability last year, Charoong Thai Wire & Cable Plc (CTW) hopes to pay a dividend this year.

CTW posted 139 million baht in consolidated net profit last year on sales of 1.756 billion baht. However, it did not pay a dividend. It recorded losses of 117 million baht in 1999 and 88 million in 2000. It stopped paying dividends in 1997.

The company had struggled over the past four years and made a profit in 1998 only because of foreign-exchange gains due to the weak baht, said David Sun, the managing director.

However, this year the company expected its sales to ...

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Source: HighBeam Research, Thailand Wire Firm Builds on Takeover.

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