Contents :We refer to your letter dated 10th May, 2001 regarding subject matter.
We append below the consolidated profit after taxation on the unaudited and audited results of our Company which are derived as follows :
a) Unaudited consolidated profit before taxation 26,414
Provision for taxation 6,840
Net profit after taxation 19,574
b) Audited consolidated profit before taxation 26,385
Provision for taxation 2,381
Net profit after taxation 24,004
We wish to advise that the difference in consolidated profit after taxation between the unaudited and the audited results is mainly due to the different amount of provision for taxation made above.
Provision for taxation of RM6,840,000 made in the unaudited consolidated accounts is based on estimate whereas the provision for taxation of RM2,381,000 in the audited consolidated accounts is arrived at after taking into consideration the adjustments made by the auditors for reinvestment allowances and double deduction tax incentives.
Query Letter Contents :
We refer to your Company's announcement in respect of the abovecaptioned
We note that the unaudited group's profit after taxation for the year ended 31
December 2000 amounts to RM19,574,000.
However, on page 6 of your Company's Annual Audited Accounts for the financial
year ended 31 December 2000, a consolidated profit after taxation of
RM24,004,000 was reported.
In accordance with Section 58 of the Exchange's Main Board Listing
Requirements, kindly furnish the Exchange immediately with your detailed
explanation on the above difference for public release.
CHONG FUI TZY
Manager, Listing Operations