Highlights for the Year 2004 • Average LME price of zinc metal equaled USD 1,048 per mt, an increase of 26.5% from the average
of USD 828 per mt in 2003 • Import duties on zinc metal stood at 7.75% during the year, a reduction of 10% compared to 2003 • Sales of zinc metal reached 113,708 mt • Domestic sales of zinc metal increased by 6.9% • EBIT of Baht 248 million compared to Baht 38.7 million in 2003 • Consolidated net profit of Baht 217 million • Equity increased from Baht 2,835 million to Baht 3,053 million while total liabilities decreased
by Baht 438 million • The Calcine plant at Rayong received first recertification of ISO 14001 and achieved zero accidents
for five consecutive years • Cadmium contamination found in villages around the Mine • Exploration lease applications are still undergoing consideration by government agencies in 2004
10 Padaeng Industry Public Company Limited Annual Report 2004