Polyta's estimations

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)