PT International Development Corporation Limited announced that, based on the preliminary assessment on the unaudited consolidated management accounts of the Group, the Group is expected to record a loss for the six months ended 30 September 2017 as compared to a recorded profit for the same period in 2016, the aforesaid turnaround from profit to loss was mainly due to a non-cash loss on the deemed decrease in interest of the Group's associate, PYI Corporation Limited ("PYI"), as a result of its shares placement to the investors in May 2017; which is partially offset by the share of PYI's profit for the six months ended 30 September 2017. The Company is still in the process of finalising the unaudited interim results of the Group for the six months ended 30 September 2017. Shareholders of the Company and potential investors should note that the information contained in this announcement is only based on a preliminary assessment by the Board with reference to the unaudited consolidated management accounts and information currently available to the Board, which may be subject to further adjustments. The consolidated management accounts have not been audited or reviewed by the auditor of the Company, nor have been confirmed by the Audit Committee of the Company. The actual results of the Group for the six months ended 30 September 2017 may be different from information disclosed herein.