Dear The Shareholders of Porn Prom Metal Public Company Limited

 

The year 2013 marks another important milestone for the company. Depspite the economical turmoils from both domestic and international, the company has remained as committed as ever to maintain our growth strategy, thereby increasing our revenue.

 

In April 2013, the company has diversified further by incorporating a subsidiary to enter into a new business producing and marketing flexible packaging. The demand for flexible packaging in various sectors (food and beverage, pharmaceutical, etc. has been growing with leaps and bounds and it is a very opportune for the company to enter into this potentially growing market to further strengthen the company and sustain our growth.

 

At the same time, the past year has seen visible progress to the &ldquoSalaya Mall&rdquo project. Construction works has nearly been completed, except some minor interior decorative finishing touches. The company will be able to realise the revenue from this project within the year 2014.

 

For the year ending 2013, the company has posted a recorded revenue of Million Baht 1,581.06 against the previous year&rsquos revenue of Million Baht 1,474.72, equivalent to 7.21% growth. Considering the present economic situation, the company&rsquos current operations, cash flow, financial positions, the &eacutéxecutive committee has approved to pay the dividends for the fiscal year 2013 equivalent to Baht 0.10 per share (or 33..31% of the company profit) to the shareholders at this year&rsquos Annual General Meeting, which will be held on May 20, 2014

 

As for the year 2014, the company will continue to strive to become the leading suppliers and distributors of non-ferrous metal offering innovative and quality products. We are confident that under our strategic directions to continue sourcing superior raw materials from reputable suppliers and our dedication to continue improving logistics capability to make sure that our products are timely and accurately delivered to our customers, we will be able to maintain our ever excellent relationship with our suppliers/partners as well as customers, thereby sustaining the continued success of our distribution business.

 

On behalf of the &eacutéxecutive committee, I would like to say thank you to all shareholders, customers and to all our business partners for your continued supports throughout the year, and also to our staff whose dedication and professionalism has helped to drive our company to where we stand today.  Thank you, and as we look forward to the year 2014, we will continue to capitalize on this momentum, which we believe, will position us all for the ever greater success.