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


 




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

B.


 ADDITIONAL INFORMATION REQUIRED BY BURSA SECURITIES'
 LISTING REQUIREMENTS

1. Review of Performance of the Company and its Principal subsidiaries
 

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.


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

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
 

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.


4.

Variance of Actual Profit from Forecast Profit
  Not applicable as no profit forecast was published for this quarter.

5.

Income Tax
  Income tax comprises:

FIRST QUARTER         

CUMULATIVE

  Current Year Quarter

31/03/2007
RM'000
Preceding Year Corresponding Quarter
31/03/2006
RM'000
Current Year To Date

31/03/2007
RM'000
Preceding Year Corresponding Period
31/03/2006
RM'000
    Income Taxation
6,223
6,355
15,519
16,457


6.


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.

7.

Quoted Securities
  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
  The Group's borrowings as at 31 March 2007 are as follows :-
 
  RM'000

    Short term borrowings (secured)

 23,507

    Long term borrowings (secured)

 11,000

  34,507

  There are no borrowings in foreign currency.


9.


Off Balance Sheet Financial Instruments
  There were no financial instruments with off balance sheet risk for the quarter ended 31 March 2007.

10.

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

11.

Dividends
  No dividend has been declared for the current quarter ended 31 March 2007.

12.

Earnings Per share
  FIRST QUARTER CUMULATIVE
Description Current Year Quarter 31/03/2007
('000)

Preceding Year
Corresponding Quarter
31/03/2006
('000)
Current Year To Date 31/03/2007
('000)

Preceding Year
Corresponding Period
31/03/2006
('000)

Net Profit attributable to shareholders (RM'000)

14,327

14,934

35,123

38,998

Number of ordinary shares in issue ('000) 135,000
135,000 135,000 135,000
Basic earnings per share (sen) 10.61 11.06 26.02 28.89