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Thailand: PAF clarifies on The Financial Statements for the Year 2006.

Thai Press Reports

| February 27, 2007 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: SET Filing - Pan Asia Footwear (Public) Co., Ltd. and its subsidiaries have submitted the consolidated financial statements for the year ending on 31st December 2006, which have already been audited by the auditor. The operating result of the Company and its subsidiaries shows a net profit of 146.29 million baht - an increase of 299.71 million baht than that of the previous year or 195.4%.This is due to:- The Company and its group of companies have more sales revenue than that of the previous year by 112.94 million baht or 1.34%. Included in this sum is the rising domestic sales revenue of 33.3%. The shoes soles business group shows …

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