Shin Corp posts 342m baht Q4 loss. Ho Jinx Still NO REGRET?

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width=593 border=0><TBODY><TR vAlign=top><TD><TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR vAlign=top><TD>Singapore Companies
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Published February 23, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Shin Corp posts 342m baht Q4 loss

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(BANGKOK) Shin Corp, Thailand's leading telecoms group, reported a fourth quarter net loss last Friday due to lower profits at its mobile phone unit and a loss made by its satellite business.

<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD></TD></TR><TR class=caption><TD>Within forecast: For the whole of last year, Shin Corp made a net profit of 5.65 billion baht </TD></TR></TBODY></TABLE>Shin Corp, controlled by Singapore's Temasek Holdings through two Thai-registered companies, reported an October-December net loss of 342 million baht (S$14.9 million), compared with a net profit of 730 million baht a year earlier.
The results were in line with a forecast of a 332 million baht loss by Kim Eng Securities.
For the whole of last year, Shin Corp made a net profit of 5.65 billion baht, more than five times higher than the 960 million baht a year earlier.
Shin Corp, valued at US$1.6 billion on the Thai bourse, comprises more than 20 companies in the wireless, satellite, Internet and media sectors.
Advanced Info Service, Thailand's largest mobile operator with a market share of about 50 per cent and 43 per cent owned by Shin Corp, contributes more than 80 per cent of Shin Corp's profit.
AIS reported a 92 per cent fall in quarterly earnings due to the weak economy and a goodwill write-off for a subsidiary's network. -- Reuters

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[halsey02]

LONG TERM INVESTMENTS....in business you have to take risks!!! (:-

 

[Wayne Piew]

LONG TERM INVESTMENTS....in business you have to take risks!!! (:-

Pls lah, what's the big hoo-ha about the loss of a few millions here and there when we have Billions or even Trillions in reserves!

 

[Patriot]

It's NOT her money; that's WHY she has NO regrets.

 

[2lanu]

I like to be in this position too. Imagine even when in such crisis, they are still being paid a good enough salary. And when finally the upturn came, they can claimed bonus again!