Interim Financial Report

PLENITUDE BHD
(Company No : 531086-T)
(Incorporated in Malaysia)

B. ADDITIONAL INFORMATION REQUIRED BY THE KLSE’S
LISTING REQUIREMENTS

Review of Performance of the Company and its Principal subsidiaries

The Group achieved an earning of RM7.12 million on the back of a revenue of RM35.58 million for the current year-to-date under review. This performance was mainly attributable to progressive profit recognized on properties sold, completed and handed over in our Desa Tebrau project, Johor and Taman Putra Prima project, Selangor. Apart from the profit contributed from property development, 2.39% was also contributed to the profit from the Tanjung Bungah Beach Hotel, Penang.

Material changes in the Quarterly Results compared to the results of the Preceding Quarter

Not applicable as no quarterly result was published.

Prospects for the Current Financial Year

Based on the Group’s existing projects and the introduction of the Economic Stimulus Package by the Government in May 2003 which encompassed a comprehensive set of incentives for the property sector (these include stamp duty exemption and income tax relief on interest payments for houses below RM180,000, reductions in interest rate and lowering the floor price for house purchase by foreigners to RM150,000), the Board of Directors is optimistic that the Group’s performance for the current financial year will be better than the previous financial year.

Variance of Actual Profit from Forecast Profit

Not applicable as no profit forecast was published for this quarter.

Income Tax

The taxation charge for the current quarter and financial year-to-date include the followings :


	Quarter Ended 30/09/2003 RM'000
Current Taxation	3,031

Profit on Sale of Unquoted Investments and/or Properties

There is no sale of unquoted investments and/or properties for the current quarter and financial year-to-date.

Quoted Securities

a) There was no purchase or disposal of quoted securities in the current financial year to
date.
b) There was no investment in quoted shares held as at end of the reporting period.

Status of Corporate Proposals

a) Status of Corporate Proposal Announced but Not Completed
Not applicable
b) Status of Utilisation of Proceeds Raised From Corporate Proposal
Not applicable

Group Borrowings and Debt Securities

The Group borrowings as at 30 September 2003 are as follows :-


	RM'000
Short term borrowings (secured)	14,075
Long term borrowings (secured)	16,000

	30,075

There are no borrowings in foreign currency.

10.

Off Balance Sheet Financial Instruments

There were no financial instruments with off balance sheet risk for the quarter ended 30 September 2003.

11.

Material Litigation

There is no material litigation which will adversely affect the position or business of the Group.

12.

Dividends

No dividend has been declared for the quarter ended 30 September 2003.

13.

Earnings Per share

Description	Current Quarter Ended 30/09/2003 ('000)	Current Year Todate Ended 30/09/2003 ('000)
Net Profit attributable to shareholders (RM'000)	7,117	7,117

Number of ordinary shares in issue ('000)	101,250	101,250
Basic earnings per share (sen)	7.03	7.03

B.

ADDITIONAL INFORMATION REQUIRED BY THE KLSE’S LISTING REQUIREMENTS

ADDITIONAL INFORMATION REQUIRED BY THE KLSE’S
LISTING REQUIREMENTS