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Reviewed Quarter 1 Consolidated F/S (F45-2)

BackMar 12, 2007

(Reviewed Quarter-1 Consolidated F/S (F45-2))

Report: Reviewed Quarterly Financial Statements
Name PICO THAILAND PUBLIC COMPANY LIMITED

Reviewed
(In thousands)
Ending 31 January

	Quarter 1
Year	2007	2006
Net profit (loss)	5,998	15,020
EPS (baht)	0.05	0.13

Auditors Opinion:
Unqualified Opinion with an emphasis of matters

Comment: Please see details in financial statements, auditor's report and remarks from SET SMART

"The company hereby certifies that the information above is correct and complete. In addition, the company has already reported and disseminated its financial statements in full via the SET Electronic Listed Company Information Disclosure (ELCID), and has also submitted the original report to the Securities and Exchange Commission."

Signature ___________________________
( Mr.Pised Chungyampin )
Position Executive Chairman

Authorized to sign on behalf of the company