ARTICLE ENTITLED: "Mutiara Goodyear unit in for big savings"
MUTIARA GOODYEAR DEVELOPMENT BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | NM-030801-37935 |
Subject | ARTICLE ENTITLED: "Mutiara Goodyear unit in for big savings" |
Contents :
We refer to your query dated 1 August 2003.
We wish to state that the revenue for 30 April 2004 is expected to be in the region of RM120 million. Revenue from existing projects are expected to be RM96 million whereas new projects (i.e. projects which are not launched) are estimated to contribute about RM24 million. This above forecast has been reviewed by the Board of Directors.
The accounting bases, calculations and assumptions used to arrive at the expected revenue for 2004 have not been reviewed by the external auditors. However, the accounting policies and methods of computation are consistent with those adopted in the financial statements.
Query Letter Contents :
We refer to the above news article appearing in The Star, StarBiz, Page 5, on
Friday, 1 August 2003, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"...expects the group's turnover for the current fiscal year ended April 30,
2004 to increase to RM120mil..""
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above article and in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such persons reasonably familiar with the matter about
which the disclosure is to be made in this respect. In the event you deny the
above sentence or any other part of the above reported article, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above sentence or any other part of the
above reported article, you are required to set forth facts sufficient to
support the same, including the relevant basis and assumptions in arriving at
the above forecast. In this respect, you are required to confirm whether the
accounting bases, calculations and assumptions have been reviewed by the
external auditors.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
IS/WSW/NMA copy to:- Securities Commission (via fax)
Announcement Info
Company Name | MUTIARA GOODYEAR DEVELOPMENT BERHAD |
Stock Name | MUTIARA |
Date Announced | 4 Aug 2003 |
Category | General Announcement |
Reference No | MG-030804-41335 |