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Non-Tech : Asia Pulp & Paper Company (NYSE:PAP)

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To: Milk who wrote ()6/25/1998 12:41:00 PM
From: Milk  Read Replies (2) of 63
 
Thursday June 25, 12:20 pm Eastern Time

Asia Pulp Q1 net $55.9 mln, ADS $0.23

SINGAPORE, June 25 (Reuters) - Asia Pulp and Paper Co Ltd on Thursday posted a first quarter net income $55.9 million, or $0.23 per American Depository Shares (ADS), under Indonesian accounting standards.
This compares with a net income of US$65.53 million in the first quarter last year and $0.33 per ADS.

It said in a statement accompanying its results that under U.S. generally accepted accounting principles, its net income for the first quarter would have been about $29.5 million.

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