Central Pattana Plc (CPN) denied a number of published reports concerning its mobilization of funds which said "CPN mobilizes Bt2.0 billion by issuing debt instruments this year". CPN said it has two projects in development in the form of land banks and each project will have no less than Bt1.0 billion invested in it. CPN expects to seek various types of fund sources and it is looking for a financial advisor. These details are expected to be known this year. CPN also provided additional information on a published report which said that its 1995 net profit would increase 50% from that recorded the previous year and its income in 1996 would continue to grow. CPN said the expected increase in its 1995 income from the previous year were only projected figures based on its 1995 operational performance reviewed by its auditor (Mr Paitoon Taweephol of SGV-Na Talang) on September 20, 1994 and also disclosed in its prospectus. CPN clarified a rise in its 1995 income stating that the company has not recognized the full-year income of its Pinkhao project because only some phases of the project have been completed. The company will recognize the full-year income in 1996. Translated by The Nati