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For The Fourth Quarter Ended 31 December 2007
Condensed Consolidated Income Statements
(The figures have not been audited)
Note:
The Condensed Consolidated Income Statements should be read in conjunction with the annual financial statements for the financial year ended 31 December 2006 and the accompanying explanatory notes attached to the interim financial statements.
Condensed Consolidated Balance Sheets
The figures have not been audited)
Note:
The Unaudited Condensed Consolidated Balance Sheets should be read in conjunction with the annual financial statements for the financial year ended 31 December 2006 and the accompanying explanatory notes attached to the interim financial statements.
Review of Performance
The Group recorded revenue of RM 29.8 million and RM 120.2 million respectively for the current quarter and the year ended 31 December 2007 as compared to RM 28.1 million and RM 94.5 million in the preceding year's corresponding quarter and period. This represents an increase of RM 1.7 million and RM 25.7 million or 6.0% and 27.2% in revenue than that of its corresponding quarter and period. Both domestic and export market recorded higher sales with more projects secured and completed in the current year. The completion of the third plant at end of 2006 also boosted the production capacity of the Group in the current financial year.
The Group achieved higher profit before taxation of RM 2.9 million for the current quarter and RM 10.8 million for the current period in line with higher revenues achieved. The Group also achieved better production efficiency that improved the gross profit margin of the Group from 25.1% in 2006 to 25.9% in the current year.
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