Operating result The Results of the Consolidated Financial Statements The consolidated financial statements of Nation International Edutainment Public Company Limited and its subsidiaries for the six-month period ended 30 June 2011 represented a profit before income tax and finance costs of Baht 15.72 million. An inclusion of income tax and finance costs of Baht 4.36 million, resulted in profit for the six-month period of 2011 of Baht 11.36 million, comparing to the same period of last year which showed a profit of Baht 10.87 million. The Group's significant operation results are summarized as follows: 1. Revenue from sales and services for the six-month period of 2011 increased by 6% compared to the same period of 2010. The main reasons were: - Revenues from circulation increased by 3%. The main reason is from circulation revenue of comic books increased by 5% as well as revenue from international publication sales increased by 24%. On the other hand, revenue from pocket books dropped by 1%. - Revenues from rendering of services increased by 13% because of the increase of services revenue from pocket book printing and delivery services for international publications. 2. Costs and expenses increased by 8% compared to the same period of 2010. The main reasons were: - Costs of goods sold increased by 17% in line with circulation revenue including publication of a new magazine for the same period in 2011. - Cost of rendering of services increased by 8% which is related to the increase of service revenue. - Selling and administrative expenses increased by 10% due to the increase of operating expenses to support business expansion. Conclusion: The Group reported profit for the six-month period ended 30 June 2011 before income tax and finance costs of Baht 15.72 million. An inclusion of income tax and finance costs of Baht 4.36 million, resulted in profit for the six-month period of 2011 of Baht 11.36 million, comparing to the same period of last year which showed a profit of Baht 10.87 million. ______________________________________________________________________