Polyta's estimations

JAKARTA (JP): Try Polyta's estimations of a loss of between 10 U.S. cents and US$14 per American Depository Share (ADS) for the fourth quarter of 1996 are based on a narrower Delta P of $257 a ton offset by a healthy fourth quarter sales volume of 88,912 tons, the company said.

In a statement correcting reports of the company's preliminary earnings, which appeared in Monday's The Jakarta Post, the company said deliveries of polypropylene would be curtailed in the first quarter of 1997 for approximately two weeks because of factory closures by converters and end users plus limits imposed on truck traffic during Idul Fitri.

As Chinese New Year falls in the same week, polypropylene buying throughout Asia will also be limited. (hen)