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FINANCIAL
ANNOUNCEMENT
GENERAL ANNOUNCEMENT
INTERIM FINANCIAL REPORTS :
3rd.
Qtr (FY '08) -
31
Mar 2008
2nd.
Qtr (FY '08) -
31
Dec 2007
1st.
Qtr (FY '08) -
30
Sept 2007
4th.
Qtr (FY '07) -
30
Jun 2007
3rd.
Qtr (FY '07) -
31
Mar 2007
2nd.
Qtr (FY '07) -
31
Dec 2006
1st.
Qtr (FY '07) -
30
Sept 2006
4th.
Qtr (FY '06) -
30
Jun 2006
3rd.
Qtr (FY '06) -
31
Mar 2006
2nd.
Qtr (FY '06) -
31
Dec 2005
1st.
Qtr (FY '06) -
30
Sept 2005
4th.
Qtr (FY '05) -
30
Jun 2005
3rd.
Qtr (FY '05) -
31
Mar 2005
2nd.
Qtr (FY '05) -
31
Dec 2004
1st.
Qtr (FY '05) -
30 Sep 2004
4th.
Qtr (FY '04) -
30
Jun 2004
3rd.
Qtr (FY '04) -
31
Mac 2004
2nd.
Qtr (FY '04) -
31
Dec 2003
1st.
Qtr (FY '04) -
30
Sep 2003
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PLENITUDE BHD (Company No : 531086-T) (Incorporated in Malaysia)
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B.
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ADDITIONAL INFORMATION REQUIRED BY BURSA SECURITIES' LISTING REQUIREMENTS
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| 1. |
Review of Performance of the Company and its Principal subsidiaries |
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The Group achieved a profit after tax of RM35.1 million
on the back of revenue of RM147.3 million for the current period-to-date under review. This
performance was mainly attributable to progressive profit recognised on properties sold,
completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor,
Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala
Lumpur. Apart from the profit contributed from property development projects, Tanjung
Bungah Beach Hotel in Penang has also contributed 2% to the Group's net profit. |
2.
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Material changes in the Quarterly Results compared to the results of the Preceding Quarter |
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The profit after tax and revenue for the current quarter are RM14.3 million and RM63.4 million as compared to RM14.9 million and RM55.2
million, respectively for the immediate preceding quarter. |
3. |
Prospects for the Current Financial Year |
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Based on the Group’s commitment on the timely
completion of the on-going projects and barring any unforeseen
circumstances, the Board of Directors is fairly optimistic that the Group
would be able to continue to record satisfactory results in financial year 2007.
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4. |
Variance of Actual Profit from Forecast Profit |
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Not applicable as no profit forecast was published for this quarter. |
5. |
Income Tax |
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Income tax comprises: |
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FIRST QUARTER
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CUMULATIVE |
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Current Year Quarter
31/03/2007 RM'000
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Preceding Year Corresponding Quarter 31/03/2006 RM'000
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Current Year To Date
31/03/2007 RM'000
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Preceding Year Corresponding Period 31/03/2006 RM'000
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Income Taxation
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6,223
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6,355
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15,519
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16,457
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6. |
Profit on Sale of Unquoted Investments and/or Properties |
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There is no sale of unquoted investments and/or properties for the current quarter and financial year-to-date. |
7. |
Quoted Securities |
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a) There was no purchase or disposal of quoted securities in the current financial year to date;
and.
b) There was no investment in quoted shares held as at end of the reporting year. |
8. |
Group Borrowings and Debt Securities |
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The Group's borrowings as at 31 March 2007 are as follows :- |
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RM'000
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Short term borrowings (secured) |
23,507 |
Long term borrowings (secured) |
11,000 |
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34,507 |
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There are no borrowings in foreign currency. |
9. |
Off Balance Sheet Financial Instruments |
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There were no financial instruments with off balance sheet risk for
the quarter ended 31 March 2007. |
10. |
Material Litigation |
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There is no material litigation which will adversely affect the position or business of the Group. |
11. |
Dividends |
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No dividend has been
declared for the current quarter ended
31 March 2007. |
12. |
Earnings Per share |
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FIRST QUARTER |
CUMULATIVE |
| Description |
Current Year Quarter 31/03/2007 ('000)
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Preceding Year
Corresponding Quarter 31/03/2006 ('000) |
Current Year To Date 31/03/2007 ('000)
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Preceding Year
Corresponding Period 31/03/2006 ('000) |
Net Profit attributable to shareholders (RM'000) |
14,327 |
14,934 |
35,123 |
38,998 |
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| Number of ordinary shares in issue ('000) |
135,000
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135,000 |
135,000 |
135,000 |
| Basic earnings per share (sen) |
10.61 |
11.06 |
26.02 |
28.89 |
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