TPIPL finances weaken

By The Nation

TPI Polene Plc posted the a 39.64 per cent drop in consolidated first-half net profit, though the Bt6.9 billion provision was not yet booked in the period.

Its consolidated net profit in the first half was Bt993.97 million, down from Bt1.65 billion. Its auditor refrained from giving comments in the financial statement on the company's position, if it has to pay fines of Bt6.9 billion to the Criminal Court.

TPIPL is now fighting the court's move to foreclosure the company because of the missing of such payment. Its founder Prachai Leophairatana said the company would book the provisions in the third quarter, and it should plunge the company into a net loss this year.

TPIPL on Tuesday remained suspended from trading.

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TPIPL finances weaken

TPI Polene Plc posted the a 39.64 per cent drop in consolidated first-half net profit, though the Bt6.9 billion provision was not yet booked in the period.

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