AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Thailand: Picnic Corp's revised Q1 financial report shows much higher net loss.

Thai Press Reports

| July 21, 2006 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: Corporate News - Bottom line worse after SEC orders new financial statement from firm, The Nation reports.

The first-quarter net loss of embattled Picnic Corp Plc has swelled by 114.74 per cent to Bt819.8 million, following a revision of its quarterly earnings ordered by the Securities and Exchange Commission (SEC).

The company's earlier financial statements claimed a net loss of Bt381.77 million in the first quarter.

After the revision, Picnic saw its financial results slump by 1,247 per cent from a Bt71.44-million profit in the corresponding period last year.

The company said in a filing with …

Related articles from newspapers, magazines, journals, and more
SET puts Picnic Corp on a short leash.
Newspaper article from: The Nation (Thailand) May 30, 2006 700+ words
Thailand: SET to lift suspension sign on Picnic Corp but will post notice...
News wire article from: Thai Press Reports June 1, 2006 700+ words
Thailand: SET suspends trading in Picnic Corp following auditor's disclaimer.
News wire article from: Thai Press Reports March 6, 2006 700+ words
Thailand: Picnic Corp to use proceeds from rights offer to pay debts.
News wire article from: Thai Press Reports February 28, 2006 700+ words
Thailand: SEC orders Picnic Corp to amend Q1 financial statments.
News wire article from: Thai Press Reports June 7, 2006 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily