POST RECORDS 97 MILLION BAHT LOSS

Post Publishing Public Company Limited has reported a net loss for the year ending December 31, 2009, of 97.93 million baht. This compares to a net profit during 2008 of 12,19 million baht.
In a statement released to The Stock Exchange of Thailand yesterday the company cited sharp declines in sales and services income due to the global economic crisis and local political uncertainties.
Income from sales and services declined by 206.92 million baht to 1.6 billion baht. Job classified advertising, as well as advertising from multinational luxury brands and high end automotive brands showed the largest declines, according to the statement.
Although the company managed to reduce its sales and admin expenses, a four million baht allowance for "impairment of equipment" and a 48 million baht cost of a mutual early retirement plan were included in the 2009 accounts.