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Email This Print This >>> Financials

Condensed Consolidated Income Statements For the Three-Month Period Ended 30 April 2008
The figures have not been audited

The condensed consolidated income statements should be read in conjunction with the audited financial statements for the year ended 31 January 2008 and the accompanying explanatory notes attached to the interim financial statements.



Condensed Consolidated Balance Sheet As at 30 April 2008
The figures have not been audited


The condensed consolidated balance sheet should be read in conjunction with the audited financial statements for the year ended 31 January 2008 and the accompanying explanatory notes attached to the interim financial statements.



Revie Of Performance For the current quarter, the Group registered revenue of RM111.9 million and profit before tax of RM6.6 million in comparison to the previous year corresponding quarter revenue of RM67.9 million and loss before tax of RM1.6 million.

In the reporting quarter, Ingress Auto Sdn. Bhd., which operates the BMW Premium Automotive Dealership (PAD), commenced operation with revenue of RM16.8 million.

For this quarter, the Automotive Division which comprised the above PAD and Automotive Components Manufacturing (ACM) of Malaysia, Thailand and Indonesia, recorded a revenue of RM95.0 million and profit before tax of RM4.6 million. For the previous year corresponding quarter, the revenue was RM65.4 million and loss before tax of RM6.3 million.

The Power Engineering and Rail Electrification (PER) division together with its associate companies registered revenue of RM13.0 million and profit before tax of RM3.5 million while for the previous year corresponding quarter, the revenue were RM2.4 million and profit before tax of RM6.5 million.

The units under Others recorded revenue of RM3.9 million and loss before tax of RM1.6 million Previously it was RM0.13 million and RM1.9 million, respectively.

Further analysis of current quarter performance is as follows:
  1. Total Automotive Division reported an increase of 45% in revenue.
  2. ACM Malaysia recorded a 31% increase in revenue.

    Moulding and sash products for the new Saga commenced production. In comparison to the previous year corresponding quarter, Proton Gen-2, Perodua Myvi and Viva and Toyota models registered increases in volume. Proton Persona which commenced delivery in the second quarter of previous year recorded encouraging volume while door related product for the new Saga commenced delivery in the fourth quarter of last financial year.
    Other Proton and Perodua models decreased significantly in volume.
  3. ACM Thailand registered 8% increase in revenue in comparison to the previous year quarter corresponding quarter. There were improvements in the volume for all models. Sash for the new Honda Jazz model commenced during the quarter.
  4. ACM Indonesia recorded a 55% increase in revenue. This was due to the encouraging volume for new models which were introduced in the last financial year. These models were Mitsubishi TD, Suzuki Futura and Daihatsu Grand Max. The earlier models of Daihatsu Terios and Suzuki APV experienced increase in volume.
  5. PER division recorded a 4.4 fold increase in revenue in comparison to the previous year corresponding quarter. Our rail electrification associate which completed its Rawang-Ipoh project in the immediate preceding quarter recognised additional profits with the reversal of certain contingency provision.
  6. For Others, revenue increased by 29 times due to increase in activities in Oil and Gas Fabrication works.

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