PRESS RELEASE –
MINT 2Q05
PROFITS UP 60% YoY TO BAHT 137 MILLION
Minor International’s (MINT) 2Q05 revenues increased by 31% YoY to Baht
2,337 million and net profits increased by 60% YoY to Baht 136.7 million. MINT’s
food and hotel businesses continue to perform well despite the lingering
affects of the Tsunami, higher oil prices, and slower overall economic growth.
1H05 earnings per share (EPS) was up 70% YoY to Baht 0.17 per share.
In 2Q05, Minor Food Group’s (MFG) revenues increased by 17% YoY to Baht
1,299 million and EBITDA increased by 21% YoY to Baht 219.1 million due to an
8% increase in same store sales, the addition of 28 new equity owned outlets, and
a 251% increase in franchising revenue. MFG continues to expand by franchising
the Pizza Company, Swensen’s, and Sizzler brands to partners both in
2Q05 hotel revenues were up 69% YoY in part because MINT was able to fully
consolidate the JW Marriott in Phuket and the Four Seasons Bangkok in its
financial statements. The fundamentals within the hotel business remain strong
with higher revpar (revenue per available room) at all but two resorts and
hotels. Although arrivals continue to be down in the Tsunami affected South,
the JW Marriott in Phuket was among the strongest performers with revpar increasing
by 16% YoY.
Minor International (MINT) is

Press Contacts: