Thai Eastern Water sees 2009 net profit up 40 pct

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BANGKOK | Tue Nov 24, 2009 4:16am EST

BANGKOK Nov 24 (Reuters) - Thailand's Eastern Water Resources EASW.BK said on Tuesday it expected 2009 net profit to rise 40 percent thanks to lower costs and a price increase.

The company planned to revise down its budget for its five-year business plan as a result of the government's stimulus packages, which aimed to invest in some water projects, President Praphant Asava-aree told reporters. (Reporting by Pisit Changplayngam; Writing by Khettiya Jittapong; Editing by Alan Raybould) ((khettiya.jittapong@thomsonreuters.com; +662 648 9728; Reuters Messaging: khettiya.jittapong.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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