Thai VI

(Audited Yearly F/S and Consolidated F/S (F45-3))
Reports: Audited yearly and consolidated statements as follows.
Name THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED

Audited
(In thousands)
For year
Year 2003 2002

Net profit (loss) 12,459,765.00 -12,487,543.00
EPS (baht) 9.68 -12.89

Siam Commercial Bank posts record net profit, will pay dividend for the first time since the financial crisis.

Bangkok - The Siam Commercial Bank PCL''s audited results showed the highest ever net profit of Baht 12,460 million with high return on equity (ROE) at 19.5%. Earnings per share (EPS) also improved to Baht 3.94, the highest level after the financial crisis.
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Referring to the Bank''s outstanding performance, Dr. Chirayu Isarangkun Na Ayuthaya, the Chairman of the Board of Directors said, "The Meeting of the Board of Directors on February 27, 2004 acknowledged the audited financial statements of 2003, in which the Bank reported net profit of Baht 12,460 million, and proposed to pay dividend to both common and preferred shareholders at the rate of Baht 1.40 per share.

The registration book will be closed on April 22, 2004 for dividend payment and the payment date is April 30, 2004. The financial statements and the dividend payment will be tabled before shareholders at the Annual General Meeting on April 8, 2004."