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 has achieved higher profit after tax of RM49.19 million for the current financial year under review as compared to the previous financial year (RM47.34 million in FY 2004) on the strength of higher revenue achieved during the year of RM193.54 million (RM174.35 million in FY 2004).
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 0.5% 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 RM18.01 million and RM59.58 million as compared to RM12.58 million and RM51.52 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 2006.


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:

THIRD QUARTER         

CUMULATIVE

  Current Year Quarter

30/06/2005
RM'000
Preceding Year Corresponding Quarter
30/06/2004
RM'000
Current Year To Date

30/06/2005
RM'000
Preceding Year Corresponding Period
30/06/2004
RM'000
    Income Taxation
    Deferred Taxation
6,796
17
11,225
     71
20,932
     17
19,214
     71

  6,813 11,296 20,949 19,285



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 period.

8.

Group Borrowings and Debt Securities
  The Group's borrowings as at 30 June 2005 are as follows :-
 
  RM'000

    Short term borrowings (secured)

 6,434
    Long term borrowings (secured)         3,230        

  9,664

  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 30 June 2005.

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 30 June 2005.

12.

Earnings Per share
  THIRD QUARTER CUMULATIVE
Description Current Year Quarter 31/06/2005
('000)

Preceding Year
Corresponding Quarter
30/06/2004
('000)
Current Year To Date 30/06/2005
('000)

Preceding Year
Corresponding Period
30/06/2004
('000)

Net Profit attributable to shareholders (RM'000)

18,006

24,798

49,189

47,344

Number of ordinary shares in issue ('000) 135,000
135,000 135,000 135,000
Basic earnings per share (sen) 13.34 18.37 36.44 38.70#
         
* Based on the weighted average number of shares of 122,343,700.