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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 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.
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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 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 |
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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 2006.
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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
30/06/2005 RM'000
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Preceding Year Corresponding Quarter 30/06/2004 RM'000
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Current Year To Date
30/06/2005 RM'000
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Preceding Year Corresponding Period 30/06/2004 RM'000
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Income Taxation Deferred Taxation |
6,796 17 |
11,225 71 |
20,932 17 |
19,214 71 |
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6,813 |
11,296 |
20,949 |
19,285 |
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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's borrowings as at 30 June 2005 are as follows :- |
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RM'000
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Short term borrowings (secured) |
6,434 |
| Long term borrowings (secured) |
3,230 |
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9,664 |
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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 30 June 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
30 June 2005. |
12. |
Earnings Per share |
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THIRD QUARTER |
CUMULATIVE |
| Description |
Current Year Quarter 31/06/2005 ('000)
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Preceding Year
Corresponding Quarter 30/06/2004 ('000) |
Current Year To Date 30/06/2005 ('000)
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Preceding Year
Corresponding Period 30/06/2004 ('000) |
Net Profit attributable to shareholders (RM'000) |
18,006 |
24,798 |
49,189 |
47,344 |
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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) |
13.34 |
18.37 |
36.44 |
38.70# |
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* Based
on the weighted average number of shares of 122,343,700. |
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