4Q02	3Q02	QoQ	4Q01	YoY	2002F	2001	YoY
Sales	144.5	187.4	-22.9%	171.7	-15.8%	644.9	655.1	-1.6%
Other Income	0.6	1.5	-57.4%	2.4	-73.7%	4.9	8.2	-40.3%
COGs	103.7	131.7	-21.3%	131.7	-21.3%	476.2	494.5	-3.7%
Depreciation&amortisation	8.7	8.6	2.0%	7.6	14.4%	33.6	28.6	17.7%
Gross profits	32.1	47.2	-31.9%	32.4	-0.8%	135.1	132.1	2.3%
Gross margin (%)	22.2%	25.2%	-	18.9%	-	20.9%	20.2%	-
SG&A	17.2	23.8	-27.7%	23.1	-25.7%	78.3	67.1	16.8%
EBITDA	24.0	33.2	-27.6%	19.0	26.5%	94.3	100.8	-6.5%
EBITDA margin (%)	16.6%	17.7%	-	11.1%	-	14.6%	15.4%	-
Interest expense	0.8	0.9	-11.7%	0.1	732.1%	2.4	2.2	6.0%
Net profit before extra item	14.4	22.6	-36.2%	11.3	27.5%	55.3	69.6	-20.6%
Extra ordinary gain (loss)	0.5	1.0	-54.6%	(0.5)	N.A.	(0.6)	(0.7)	NA
Net profit	14.9	23.6	-37.0%	10.8	37.1%	54.7	68.9	-20.6%
EPS (Bt) before extra item	0.10	0.15	-36.2%	0.08	27.5%	0.35	0.46	-23.6%
EPS (Bt)	0.10	0.16	-37.0%	0.07	37.1%	0.35	0.46	-23.7%

	2Q01	3Q01	4Q01	1Q02	2Q02	3Q02	4Q02
Net Sales	145.1	193.3	168.6	144.5	159.2	183.7	141.6
Pipes Installation And Welding Services	4.9	3.7	3.1	3.6	5.7	3.6	2.9
Total Sales	150.0	197.0	171.7	148.2	164.9	187.4	144.5
Backlog Of Order (End of Quarter)	243.6	251.6	148.9	170.2	277.1	195.5	188.4

Income Statement	1999	2000	2001	2002	2003F	2004F
Sales	663	700	655	645	696	766
Other income	10	5	8	5	5	5
Total revenues	673	705	663	650	701	771
Cost of Goods sold	417	511	494	476	512	564
Depreciation and Amortisation	27	29	29	34	31	32
SG&A and Others Expenses	101	75	68	79	85	94
EBIT	127	91	72	61	73	81
Interest expenses	8	4	2	2	3	3
Net profit before extra item	117	85	70	55	69	75
Equity Acc. + Extraordinary Gains	2	7	(1)	(1)	-	-
Net profit	120	92	69	55	69	75
EPS	0.80	0.61	0.46	0.35	0.23	0.25
EPS Growth	37.4%	( 23.7%)	( 24.7%)	( 23.7%)	( 34.4%)	8.8%
PER	3.08	4.03	5.35	7.01	10.68	9.81
EV/EBITDA	2.25	3.67	3.00	5.32	6.68	7.55
P/BV	0.75	0.72	0.71	0.76	1.37	1.29
Dividend / Share	0.48	0.43	0.35	1.17	0.14	0.15
Debt / Equity	0.03	0.21	0.00	0.26	0.00	0.25
No. of Shares	150.00	150.00	150.00	156.00	300.00	300.00