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.