i) Article in THE SUN entitled:" Sapura Motors predict higher turnover and net profits" ii) Article in the www.theedge.com.my entitled:' Sapura Motors to focus on local market"
SAPURA MOTORS BERHAD |
Contents :
Reference is made to your query on "Sapura Motors Berhad (SMB) expects to chalk up a turnover of RM80 million for the financial year to January 31, 2001."
The forecast of RM80 million is based on SMB Group budgetted turnover for financial year ending January 31, 2001.
The budgetted turnover is based on the year 2000 Total Industry Volume (TIV) estimate of 300,000 units of vehicles of which passenger cars domestic make up 240,000 units.
For the SMB Group, the assumptions taken for the budget 2000/2001 are as follows:-
Company | Budget financial year 31/1/2001 (car sets) | Actual financial year 31/1/2000 (car sets) | Percentage Increase (%) |
Proton | 165,550 | 155,720 | 6.5 |
Perodua | 78,758 | 66,499 | 18 |
Turnover | RM'000 | RM'000 | (%) |
Group | 80,658 | 70,413 | 15 |
90% of the Group turnover are from Proton and Perodua. During the year 2000, 2 more products will be added to the Group namely, rack bars to T&K Autoparts Sdn Bhd, a subsidiary of Toyota by Sapura Machining Corporation Sdn Bhd and also brake caliper assembly to Perodua by SMB.
Kindly note so.
Query Letter Contents :
We refer to the articles appearing in WWW.THEEDGE.COM.MY, on Tuesday, 18 July
2000 and The Sun, Sun Biz, page 2, on Wednesday , 19 July 2000, a copy each of
which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which are reproduced as follows :
WWW.THEEDGE.COM.MY
"Sapura Motors Bhd is not going ahead to set up production operations in
Indonesia and the Philippines for the time being..."
The Sun
"Sapura Motors Bhd (SMB) expects to chalk up a turnover of RM80 million for the
financial year to Jan 31, 2001....."
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 reported articles in particular the underlined
sentences after due and diligent enquiry with all the directors, substantial
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentences or any other part of the articles, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above reported sentences or any other part
of the articles, you are required to set forth facts sufficient to support the
same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE
TAN YEW ENG
Senior Manager, Listing Operations
ASL/TYE/NMA
cc: Securities Commission
Announcement Info
Company Name | SAPURA MOTORS BERHAD |
Stock Name | SMOTORS |
Date Announced | 21 Jul 2000 |
Category | General Announcement |
Reference No | SM-000721-60546 |