Bursa Announcements
Date : 25 February 2005
Quarterly rpt on consolidated results for the financial period ended 31/12/2004
FURQAN BUSINESS ORGANISATION BERHAD |
Quarterly report for the financial period ended | 31/12/2004 |
Quarter | 4 |
Financial Year End | 31/12/2004 |
The figures | have not been audited |
Remarks : |
For the financial year ended 31 December 2004, the Group achieved an operational unaudited profit before tax of RM5.3 million. However, the Group recorded a loss before tax of RM198.6 million for the current quarter compared to a profit before tax of RM0.88 million for the preceding quarter and loss before tax of RM1.23 million for the previous year’s corresponding quarter. This is mainly due to the goodwill written off of RM198.6 million. The Group’s goodwill was derived mainly from the acquisitions of Austral Amalgamated Berhad and its subsidiaries and from the amounts due from the unconsolidated subsidiaries. The Board is of the opinion that going forward the writing off exercise for the goodwill is a prudent exercise and would be in the best interest of the Group as it will reflect the true value of the Group’s assets. Nevertheless, the net tangible asset per share of the Group has improved to 52 sen (2003: 48 sen). The Board of Directors wishes to reiterate that should the effects of the writing off of the goodwill be excluded, the Group remains profitable with an annual unaudited profit before tax of RM5.3 million. |
SUMMARY OF KEY FINANCIAL INFORMATION |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31/12/2004 | 31/12/2003 | 31/12/2004 | 31/12/2003 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
1 | Revenue | 25,912 | 19,500 | 72,000 | 53,601 |
2 | Profit/(loss) before tax | -198,616 | -1,232 | -193,324 | 6,086 |
3 | Profit/(loss) after tax and minority interest | -198,808 | 83 | -194,373 | 5,086 |
4 | Net profit/(loss) for the period | -198,808 | 83 | -194,373 | 5,086 |
5 | Basic earnings/(loss) per share (sen) | -48.25 | 0.02 | -47.17 | 1.23 |
6 | Dividend per share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net tangible assets per share (RM) | 0.5200 | 0.4800 |
Note: For full text of the above announcement, please access KLSE Web site at www.klse.com.my
Announcement Info
Company Name | FURQAN BUSINESS ORGANISATION BERHAD |
Stock Name | FBO |
Date Announced | 25 Feb 2005 |
Category | Financial Results |
Reference No | CM-050223-38531 |