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 RM52.3 million on the back of revenue of RM220.5 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 RM13.3 million and RM63.9 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:

FOURTH QUARTER         

CUMULATIVE

  Current Year Quarter

30/06/2006
RM'000
Preceding Year Corresponding Quarter
30/06/2005
RM'000
Current Year To Date

30/06/2006
RM'000
Preceding Year Corresponding Year
30/06/2005
RM'000
    Income Taxation
    Deferred Taxation
11,993
(5,814)
6,724
     89
28,450
    (5,814)
20,889
     89

  6,179 6,813 22,636 20,978



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 30 June 2006 are as follows :-
 
  RM'000

    Short term borrowings (secured)

 19,579

    Long term borrowings (secured)

 11,000

  30,579

  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 2006.

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 2006.

12.

Earnings Per share
  FOURTH QUARTER CUMULATIVE
Description Current Year Quarter 30/06/2006
('000)

Preceding Year
Corresponding Quarter
30/06/2005
('000)
Current Year To Date 30/06/2006
('000)

Preceding Year
Corresponding Year
30/06/2005
('000)

Net Profit attributable to shareholders (RM'000)

13,352

18,006

52,350

49,002

Number of ordinary shares in issue ('000) 135,000
135,000 135,000 135,000
Basic earnings per share (sen) 9.89 13.34 38.78 36.30