LARIFIES FOR Q2/1997 RESULT

Padaeng Industry Plc gained net profit at Bt121.61 m included gain /loss from subsidiaries and joint ventures developing from loss amounting Bt130.68 m or 193.06% from the same period last year accordingly. The company explained profit valued Bt128.11 m from disposing shares in Australia-based Western Metals Ltd Co was recorded and loss in affiliates reduced more than 50% from the same period a year ago. Moreover, selling price of LME bounced higher at US$1,237/metric ton and average cost retreated respectively.