PDI reported a summary of its financial statements as follows: (in thousands) Ending March 31 1st quarter 1996 1995 PDI/PDI and its subsidiaries Net Profit (Loss) (148,002) 36,029 EPS (Baht) (1.42) 0.35 The account auditor has expressed conditional opinions in the auditing report that: As stated in financial statement note no.2.1, the amortization of deferred expenses worth about Bt185 million as of March 31, 1995 of one subsidiary depends upon the consideration of the next project. The result of the consideration might affect the company's first quarter financial statements of 1995. Financial Statement Note: 2. The zinc and lead smelting project of one subsidiary: 2.1 One partner in the zinc and lead smelting project of one subsidiary has withdrawn from the project and the company is now consideraing the project. Therefore, the amortization of deferred expenses related to the project worth about Bt185 million as of March 31, 1995 depends upon the result of the consideration. 2.2 On June 7, 1995, the board of directors of the major shareholder company decided to cancel the study of that mineral resources smelting project. Therefore, that subsidiary has already amortized its deferred expenses related to that project worth Bt185 million as its expenses in April 1995. Translated by the Nation