Bangkok--8 Aug--Minor Corporation’s Minor Corporation’s (Minor) 2Q08 net profit was up 96% to Baht 79.5 million and total revenues were up 10% to Baht 875 million. YoY net profit was up in 2Q08 as Minor’s share of profit from its 18.6% shareholding in Minor International (MINT) increased by 101% to Baht 66 million. Excluding the profit contribution from MINT, Minor’s lifestyle brands distribution businesses performed well in 2Q08 with sales from these businesses increasing by 8% to Baht 311 million despite a challenging retail environment. For the six months ending June, net profit was up 104% to Baht 236 million and total revenues were up 9% to Baht 1.81 billion. Minor’s lifestyle brand sales and distribution business, which accounted for 46% of total 2Q08 sales showed an 6% increase in revenues to Baht 366 million. Sales from the fashion business increased by 7% to Baht 254 million on the performance of brands such as Esprit, Bossini, Timberland and Charles & Keith. Sales from the cosmetics business, which includes brands such as Red Earth, Bloom, Laneige and Smash Box, increased by 10% to Baht 57 million. Minor’s contract manufacturing business, which accounted for 43% of total 2Q08 sales, experienced a 14% YoY decrease in sales as some of its fast moving consumer goods (FMCG) customers delayed production orders due to a decline in regional demand. Minor expects that the delayed orders will be recovered later this year as FMCG customers will need to meet contractual supply obligations and launch new products. Minor’s factory, which began operating in 4Q04, isone of Southeast Asia’s leading contract manufacturers and it is well positioned to accommodate new customers and support higher production volumes in the future. In 2Q08, Minor’s equity accounted share of profit from MINT increased by 101% YoY to Baht 66 million. Having increased its stake in MINT from 4.3% to 18.6% since 3Q05 by acquiring shares at Baht 4.0 per share, Minor’s investment in MINT has performed well with MINT’s share price increasing by 227% since the acquisition to Baht 13.10 per share as of August 6. The market value of Minor’s stake in MINT is Baht 9.9 billion. Minor Corporation (Minor) is a leading distributor of international lifestyle brands in Thailand focusing primarily on fashion, cosmetics and education. Its brands include Esprit, Red Earth, Bossini, Timberland, Charles & Keith, Bloom, Laneige, Tumi, Zwilling J.A. Henckels, Time Life, and World Book. It owns and operates one of Thailand’s leading contract manufacturers and maintains an investment portfolio of listed and private securities including an 18.6% stake in Minor International. For more information on Minor, please visit For more information please contact: Pratana Manomaiphiboon / Prapharat Tangkawattana / Jim Fralick at Tel: (662) 381-5151