Essex International reported a net profit of B34.5 million (US$1.38 million) in the third quarter, ending November 30, 1993, down from B43.9 million ($1.76 million) for the same period in 1992.
Pranda Jewelry sold off its shares in PD Mining & Gems to Sonthichai Ratanapantovong, a director of Pranda Jewelry. At B25 per share, the sale of 450,000 shares amounted to B11.52 million ($450,000), creating a profit of B5.85 million ($234,000) for PRANDA.