Interim Financial Report

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

B. EXPLANATORY NOTES IN COMPLIANCE WITH BURSA MALAYSIA
REQUIREMENT UNDER PART A OF APPENDIX 9B

Review of Performance of the Company and its Principal subsidiaries

The Group has achieved higher profit after tax of RM28.17 million on the back of revenue of RM118.57 million for the current financial period ended 31 December 2007. 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 2.4% to the Group's net profit.

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 RM16.18 million and RM65.25 million as compared to RM11.99 million and RM53.33 million, respectively for the immediate preceding quarter.

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 2008.

Variance of Actual Profit from Forecast Profit

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

Income Tax

Income tax comprises:

FIRST QUARTER			CUMULATIVE
	Current Year Quarter 31/12/2007 RM'000	Preceding Year Corresponding Quarter 31/12/2006 RM'000	Current Year To Date 31/12/2007 RM'000	Preceding Year Corresponding Period 31/12/2006 RM'000
Income Taxation	5,850	5,055	11,246	9,296

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; and.
b) There was no investment in quoted shares held as at end of the reporting quarter.

Status of Corporate Proposal

The only corporate proposal that has been announced by the Group but not completed as at 29 Feb 2008 (being a date not earlier than 7 days from the date of issue of the quarterly report) is the disposal of a freehold land measuring 36.94 acres held under HS(D) 368395, PTD 114159, Mukim Tebrau, District of Johor Bahru, State of Johor Darul Takzim, between Plenitude Tebrau Sdn Bhd, a wholly owned subsidiary of Plenitude Berhad and Permodalan Eramaju Sdn Bhd for a cash consideration of RM64.366 million as announces on 20 July 2007.

Group Borrowings and Debt Securities

The Group's borrowings as at 31 December 2007 are as follows :-


	RM'000
Bank Overdraft	18,399
Short term borrowings (secured)	1,924
Long term borrowings (secured)	8,250

	28,573

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 31 December 2007.

11.

Material Litigation

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

12.

Dividends

No interim dividend has been recommended for the current period by the company for the financial period ended 31 December 2007.

13.

Subsequent Event

There were no material events subsequent to the end of the current financial period ended 31 December 2007 up to the date of this report that have not been reflected in the interim financial statements.

14.

Earnings Per share

	FIRST QUARTER		CUMULATIVE
Description	Current Year Quarter 31/12/2007 ('000)	Preceding Year Corresponding Quarter 31/12/2006 ('000)	Current Year To Date 31/12/2007 ('000)	Preceding Year Corresponding Period 31/12/2006 ('000)
Net Profit attributable to shareholders (RM'000)	16,183	10,974	28,168	20,796

Number of ordinary shares in issue ('000)	135,000	135,000	135,000	135,000
Basic earnings per share (sen)	11.99	8.13	20.87	15.40

B.

EXPLANATORY NOTES IN COMPLIANCE WITH BURSA MALAYSIA REQUIREMENT UNDER PART A OF APPENDIX 9B

EXPLANATORY NOTES IN COMPLIANCE WITH BURSA MALAYSIA
REQUIREMENT UNDER PART A OF APPENDIX 9B