1 March 2010



The President of the Stock Exchange of Thailand

Re : Report on business operation result



          Thai Rubber Latex Corporation (TRUBB) had net profit of Bt 119.90

million in 2009, increase Bt 232.40 million from the same period of previous

year or more than 20%.



          To accounted for the company's better operation result in 2009, we

would like to elaborate first on the rubber industry. The factors that had

been positively effected rubber industry in general were the recovery of vehicle

industry in the newly industry countries; Brazil, Russia, China, and India

(BRIC); especially for China. In 2009, China had produced 13.80 million

vehicles, 48 percent increase from previous year. This made the rubber demand

for vehicle expanding and rubber price rising continuously. In addition, the

economy recovery of the United States (U.S.A.) and other developed countries

had also been the cause that maintained rubber demand in 2009. On the supply

side, the productivity of rubber, which is an agricultural product, decreased

to 2.8 million metric tonnes (decreased 0.20 million tonnes or 8 percent

decrease). Major cause was the drought in almost all rubber planted area in

Thailand. Another positive factors are that 1) oil price had risen from USD 40

per Barrel to USD 80 per Barrel or 100 percent increase, which made rubber

price risen along as they were correlated to some certain degree, and 2) local

currency exchange rate was appreciated, causing higher selling price in term

of United State Dollar.



          The change in accounting policy for recording cost of inventory

should be noted. TRUBB and subsidiaries changed the way cost of inventory was

recorded; from the first-in-first-out method to the weighted average method.

TRUBB and subsidiaries recorded the effect of the accounting change against

the beginning balance of retained earnings of 2008 as though weighted average

method were originally recorded. (See notes to the consolidated financial

statements)



          For the financial result of the company in 2009, the company had the

income from sales and services Bt 7,914 million, decrease Bt 1,011 million or

11.33 percent decrease. Whereas, cost of goods sold and services was Bt

7,368 million, decrease Bt 942 million or 11.34 percent decrease. That made

the gross margin Bt 546 million, decrease 68 million or 11.07 percent decrease.



          The company incurred selling and administration expenses Bt 455

million, increase Bt 0.80 million and incurred other expenses Bt 88 million

(cause of doubtful debt Bt 71 million). Financial expense was Bt 132 million,

decrease Bt 54 million. Other income were Bt 262 million, increase Bt 145

million (the main item in other income was the reversal of loss from

diminution in value of inventories Bt 198 million). Corporate income tax is Bt

0.67 million.



          Please be informed accordingly,



                                          Yours truly,





                                   Mr.Vorathep Wongsasuthikul

                                        President and CEO