Accor Asia Pacific

Accor Asia Pacific

I am writing to you to correct some information that was
printed in The Jakarta Post edition of Wednesday, Sept. 10, 1997
on page 10. It seems that this article is a misrepresentation of
the situation in our company and that there is a huge difference
in figures.

Our mid-year figures definitely show an increase of 24.8
percent of our profit for 1997.

AFP in their analysis may have misread those figures. In 1996
we had an exceptional "one off" abnormal profit of US$6,000,000
which should not be taken into account for comparison with 1997.
We actually have a 24.8 percent rise in our operational profit,
while your article mentions a 17 percent drop.

This discrepancy of 42 percent between the two figures is far too
high. We would like to re-establish Accor Asia Pacific's image of
a profitable company.

MARC A. STEINMEYER

President Director

PT AAPC Indonesia

Jakarta