19 August 1998

OPERATING RESULTS

-- TRANSLATION -- Profit and loss of the company in Q2/98 decrease more than 20% from Q2/97 because the company provided allowance for losses from declining in value of investment in three related companies totalling Baht 251 million and allowance for doubtful debt of loan to a related company amount of Baht 44 million. As a result the company has net loss from operation of Baht 114 million. In addition , the company has incurred net losses from foreign exchange rate of Baht 162 million.