Contents :
We refer to your letter (Your Ref: KH-010316-52076) dated March 19, 2001 on the above matter.
For the year ended December 31, 2000, the Group charted profit after taxation of RM23,170,000, surpassing its forecasted profit after taxation of RM18,805,000 by 23%. This is mainly due to the conservative measure undertaken in forecasting raw material consumed with the expectation of increase in raw material price. However, there was no significant upward adjustment in raw material prices and cost control measure undertaken on consumption of raw material has also improved the profit margin for the year under review. In addition, the Group managed to achieve revenue of RM66,022,000 for the year 2000, which is 9% higher than the forecasted revenue.
Please be informed accordingly.
Thank you.
Query Letter Contents :
We refer to your Company's announcement in respect of the abovecaptioned
matter.
We note that the group's profit after taxation for the year ended 31 December
2000 amounts to RM23,170,000.
However, on page 41 of your Company's Prospectus dated 10 June 2000, a
consolidated profit after taxation of RM18,805,000 was forecasted for the
abovementioned financial year.
In accordance with the Exchange's Listing Requirements, kindly furnish the
Exchange immediately with your detailed explanation on the above difference for
public release.
Yours faithfully
TAN YEW ENG
Senior Manager
Listing Operations
TYE/KHB