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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 RM31.2 million on the back of a revenue of RM134 million
for the current period-to-date under review. This performance was mainly attributable to progressive
profit recognized on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor and Bandar Perdana in Kedah
and The Residences in Changkat Kiara, Sri Hartamas. Apart from the profit contributed from property development
projects, Tanjung Bungah Beach Hotel in Penang has also contributed 0.6% to the
Group's 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 RM12.6 million and RM51.5 million as compared to RM10.6 million and RM49.7
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 cautiously optimistic that the Group
will be able to achieve satisfactory performance for the financial year ending
30 June 2005.
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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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THIRD QUARTER
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CUMULATIVE |
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Current Year Quarter
31/03/2005 RM'000
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Preceding Year Corresponding Quarter 31/03/2004 RM'000
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Current Year To Date
31/03/2005 RM'000
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Preceding Year Corresponding Period 31/03/2004 RM'000
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Income Taxation Deferred Taxation |
6,255 - |
1,321 - |
14,138 - |
7,806 - |
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6,255 |
1,321 |
14,138 |
7,806 |
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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 period. |
8. |
Group Borrowings and Debt Securities |
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The Group borrowings as at 31 March 2005 are as follows :- |
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RM'000
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Short term borrowings (secured) |
6,722 |
| Long term borrowings (secured) |
3,230 |
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9,952 |
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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 2005. |
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 2005. |
12. |
Earnings Per share |
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THIRD QUARTER |
CUMULATIVE |
| Description |
Current Year Quarter 31/03/2005 ('000)
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Preceding Year
Corresponding Quarter 31/03/2004 ('000) |
Current Year To Date 31/03/2005 ('000)
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Preceding Year
Corresponding Period 31/03/2004 ('000) |
Net Profit attributable to shareholders (RM'000) |
12,577 |
4,344 |
31,183 |
22,727 |
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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) |
9.32 |
3.22 |
23.10 |
19.24# |
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* Based
on the weighted average number of shares of 118,125,000. |
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