February 25, 2013

Company announcements: KOSSAN, DBE, FAVCO, DIALOG, MILUX, MAHSING, INTEGRA, WCT

KOSSAN - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameKOSSAN RUBBER INDUSTRIES BERHAD  
Stock Name KOSSAN  
Date Announced25 Feb 2013  
CategoryFinancial Results
Reference NoKR-130225-56436

Financial Year End31/12/2012
Quarter4
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
318,575
281,530
1,235,492
1,089,969
2Profit/(loss) before tax
41,116
30,455
140,860
112,920
3Profit/(loss) for the period
30,606
24,288
107,153
91,081
4Profit/(loss) attributable to ordinary equity holders of the parent
29,656
23,846
104,453
89,684
5Basic earnings/(loss) per share (Subunit)
9.28
7.46
32.67
28.05
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
9.50
11.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.9100
1.6800
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


DBE - OTHERS D.B.E. GURNEY RESOURCES BERHAD ("DBE" OR "THE COMPANY") FINDINGS OF SPECIAL AUDIT REPORT ("REPORT")

Announcement Type: General Announcement
Company NameD.B.E. GURNEY RESOURCES BERHAD  
Stock Name DBE  
Date Announced25 Feb 2013  
CategoryGeneral Announcement
Reference NoCG-130225-7CC03

TypeAnnouncement
SubjectOTHERS
DescriptionD.B.E. GURNEY RESOURCES BERHAD ("DBE" OR "THE COMPANY")
FINDINGS OF SPECIAL AUDIT REPORT ("REPORT")

We refer to our earlier announcements dated 30 April 2012 and 3 May 2012 in relation to the Emphasis of Matters highlighted by the auditors in the audited report as at 31 December 2011 as well as the variance in the income statement. In this respect, Bursa Malaysia Securities Berhad has requested the Audit Committee (“ C”) of DBE to conduct a special audit and the summary of the findings as highlighted by AFTAAS, the special auditors are as follows:-

(i) Owing to a relatively weak code of governance, the appointment of the Kibar Bakti Sdn Bhd(“KB”) as contract farmer being the main part of the DBE’s business chain that involves huge transactions did not comply with DBE policy and procedures. The appointment was not thoroughly discussed and approved by the Board of Directors (for procurement above RM10 million) but rather approved by the management and based on business relationships, particularly due lack of competitive/quality contractors;

(ii) Other than a verbal arrangement between KB and DBE, there was no formal agreement to validate the need to incur RM10 million in properties, plants and equipments as represented by KB. As a result, DBE refused to recognise the said amount subsequently, when it was highlighted by the auditors. The amount was then reclassified to other debtors and followed by a debt settlement agreement wherein KB would settle the debts in instalment basis;

(iii) As a listed entity, DBE holds the statutory and social responsibility entrusted to maintain public confidence in the securities market. Each decision approved should always for the benefit of the company as a whole and eventually maximise the return on investment to the shareholders. To this end, it needs to improve its operations performance to guarantee business growth and continuity in the future. Similar attention should be given to keep accounting record being updated regularly. The fixed assets register needs to be maintained to ensure the accuracy of the assets value held by DBE as well as other accounting record.

The AC has tabled the above findings to the Board of DBE on 3 October 2012 and the Board has taken the findings seriously and will address the issues immediately.

This announcement is dated 25 February 2012.



FAVCO - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced25 Feb 2013  
CategoryFinancial Results
Reference NoCC-130225-55859

Financial Year End31/12/2012
Quarter4
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
171,372
178,952
696,472
482,353
2Profit/(loss) before tax
10,677
23,301
66,416
52,193
3Profit/(loss) for the period
13,343
20,207
61,155
47,592
4Profit/(loss) attributable to ordinary equity holders of the parent
13,118
20,221
61,746
47,606
5Basic earnings/(loss) per share (Subunit)
6.67
11.29
33.64
26.69
6Proposed/Declared dividend per share (Subunit)
8.00
6.00
8.00
6.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.6100
1.3200
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced25 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-130225-4FCCE

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each.
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/02/2013
453,500
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)381,341,235 
Direct (%)15.88 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change381,341,235
Date of notice25/02/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 453,500 shares)- 323,721,094 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 2,535,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 7,887,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 13,767,667 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 4,985,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 22,490,020 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 3,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 2,455,400 shares

Total No. of shares - 381,341,235 shares


MILUX - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced25 Feb 2013  
CategoryChange in Boardroom
Reference NoCS-130225-7A859

Date of change25/02/2013
NameDatuk Ali Bin Abdul Kadir
Age63
NationalityMalaysian
Type of changeRetirement
DesignationChairman
DirectorateIndependent & Non Executive
Qualifications(1) Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW);
(2) Member of Malaysian Institute of Certified Public Accountants (MICPA);
(3) Member of Malaysian Institute of Accountants;
(4) Honorary Advisor to ICAEW KL Chapter;
(5) Honorary Fellow of the Institute of Chartered Secretaries and Administrators (UK); and
(6) Honorary Fellow of the Malaysian Institute of Directors. 
Working experience and occupation (1) Chairman of the Financial Reporting Foundation;
(2) Trustee of Labuan Offshore Financial Services Authority and the Yayasan Kadir & Fatimah; and
(3) Adjunct Professor with University Malaya  
Directorship of public companies (if any)Chairman of Microlink Solutions Berhad, Jobstreet Corporation Berhad, Privasia Technology Berhad and Mahkota Technology Sdn Bhd; and Director of Glomac Berhad.  
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect Interest: 688,700 ordinary shares
Indirect Interest: 433,326 ordinary shares 

Remarks :
Datuk Ali Bin Abdul Kadir has decided not to seek for re-election at the Eighteenth Annual General Meeting of the Company held on 25 February 2012 and therefore retired in accordance with Article 80 of the Articles of Association of the Company at the end of the said Meeting.

Consequent to Datuk Ali's above retirement, Datuk Ali has also ceased to be the Chairman of the Remuneration Committee and Nomination Committee, respectively, with effect from 25 February 2013.


MILUX - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced25 Feb 2013  
CategoryGeneral Meetings
Reference NoCS-130225-7A858

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting25/02/2013
Time02:00 PM
VenueGreens II, Club House, Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan
Outcome of Meeting
The Board of Directors of Milux wishes to inform that save for Resolution 1, all other resolutions as per the Notice dated 30 January 2013, were duly passed at the Eighteenth Annual General Meeting ("18th AGM") of the Company.
Datuk Ali Bin Abdul Kadir has decided not to seek for re-election at the 18th AGM of the Company and therefore retired in accordance with Article 80 of the Articles of the Company at the end of the 18th AGM of the Company.


MILUX - MILUX CORPORATION BERHAD ("Milux" or "the Company")- DISPOSAL OF LAND AND PROPERTY BY BRIGHTYIELD SDN. BHD.

Announcement Type: General Announcement
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced25 Feb 2013  
CategoryGeneral Announcement
Reference NoCS-130225-7A857

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDGG-130221-39490
SubjectMILUX CORPORATION BERHAD ("Milux" or "the Company")
- DISPOSAL OF LAND AND PROPERTY BY BRIGHTYIELD SDN. BHD.
DescriptionWe refer to the letter dated 22 February 2013 from Bursa Malaysia Securities Berhad (“Bursa Securities”) as well as our announcement dated 20 February 2013 pertaining to the above matter.
Query Letter Contents We refer to the Company's announcement dated 20 February 2013, in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Salient terms of the agreement and the date of the transaction entered into.

2. Details justification on how RM5 million is arrived at other than based on a
willing-buyer willing-seller basis.

3. Net book value of the Land and Property (including the machineries, fixtures
and fittings) based on the latest audited accounts and quarterly results.

4. A description of the Land and Property including the following:

(a) The encumbrances, if any;
(b) Whether any valuation is carried out on the Land and Property. If so, the
name of the independent registered valuer, date and method of valuation and
quantification of the market value;
(c) Approximately age of the buildings; and
(d) Year of occupancy.

5. Utilisation of proceeds, the breakdown and timeframe for full utilisation.

6. Particulars of liabilities to be assumed by the purchaser (if any).

7. Time and place of the agreeement and valuation report (if applicable) are
available for inspection.




Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/TGG
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)
As requested, the Board of Directors of Milux wish to append below the additional information in the sequence of enquiries by Bursa Securities:-
(1) Salient terms of the agreement and the date of the transaction entered into.

    A Sale and Purchase Agreement (“SPA”) has been entered into by the Brightyield Sdn. Bhd. (“Brightyield”), a wholly-owned subsidiary of the Company with the Mr. Peng Gai Hock, Mr. Peng Li Hoong, Mr. Peng Li Vern and Mr. Peng Li Jing, all of residential address at 935, Jalan Kuang Germin, Taman Kepong, Kuala Lumpur (“the Purchasers”) on 19 February 2013.

    The salient terms of the SPA are as follows:-

    (a) Brightyield is the registered proprietor of all that piece of freehold land held under Geran 209202, Lot 10487 Seksyen 20, Bandar Serendah (previously known as HS(D) 9398 PT 8552, Mukim Serendah) Daerah Ulu Selangor, Negeri Selangor measuring in area approximately 6,197 square metres together with one (1) Storey factory and three (3) Storey Office Block erected thereon and the machineries, fixtures and fittings therein, and bearing postal address No. 19, Jalan Kamunting 2, 48300 Bukit Beruntung, Serendah, Selangor Darul Ehsan (“the said Land and Property”).
    (b) The said Land and Property are currently charged by Brightyield to CIMB Bank Berhad of Level 2, Bangunan UMNO, Lot P5, 5 Persiaran Perbandaran, Section 14, 46075 Shah Alam, Selangor Darul Ehsan (“CIMB”) since 17 December 2007 as a security for a loan granted to Brightyield by CIMB.
      (c) A certificate of Fitness for Occupation of the said Land and Property has been issued by the relevant authority.
        (d) The Disposal consideration of RM5,000,000/- shall be settled in the following manners:-
        ItemsAmountPeriod of Payment
        Earnest DepositRM100,000/-Paid before SPA has been executed
        Second PaymentRM400,000/-Upon execution of SPA
        Balance sumRM4,500,000/-Within three (3) months from the execution of SPA

        (e) The machineries and fixtures and fittings (detailed as per item (2) below) will be given to the Purchasers free of payment and Brightyield will pass the full titles to the Purchasers on the date of the vacant possession of the said Land and Property.
        (2) Details justification on how RM5 million is arrived at other than based on a willing-buyer-willing seller basis.

          The total Disposal consideration of RM 5,000,000/- was arrived at on a willing-buyer willing-seller basis after taking into consideration the value of the following items:-
          • machineries consisting of one (1) set of cooling tower with two (2 ) units of cooling tower motors and tower pipe;
          • Fixtures and Fittings consisting of seventeen (17) units of air–conditioning, three (3) units of sofa, twenty-nine (29) numbers of chairs and twenty-five (25) pieces of tables which will be given to the purchasers free of charge;
          • as well as market value of the land in the surrounding areas (pursuant to a valuation report undertaken by an independent registered valuer, namely Fivestar Properties dated 18 October 2012)(“the Valuation Report”).
          In addition to the above, the Board of Directors of Milux have also taken into consideration factors such as time factor, size of the land and asking prices of similar properties in the locality.

        (3) Net Book Value (“NBV”) of the said Land and Property (including the machineries, fixtures and fittings) based on the latest audited accounts and quarterly results.

          The NBV of the said Land and Property based on the audited financial statements for the financial year ended 31 August 2012 amounted to RM 3,240,154/- (inclusive of the NBV for machineries, fixtures and fittings amounted to RM 3,355/- in total).
          The NBV of the said Land and Property based on the unaudited quarterly report for the first quarter period ended at 30 November 2012 amounted to RM 3,225,140/- (inclusive of NBV for machineries, fixtures and fittings amount to RM 3,189/- in total).
        (4) Description of the said Land and Property

          (a) The said Land and Property is currently charged to CIMB for banking facilities totaling RM3,000,000/-. The amount utilised and outstanding due to the CIMB as at 30 November 2012 amounted to RM 956,000/-.
            (b) A valuation was carried out by Fivestar Properties, an independent registered valuer on 18 October 2012 (“the Valuer”).

              (c) The Valuer has assessed the said Land and Property in their existing condition at RM 4,100,000/-. In arriving at the market value, the Valuer has applied the Comparison Method, which entails the comparison of the Land and Property with other similar land and properties in the vicinity with diligent adjustments made to reflect the differences.

              (d) The Disposal consideration of RM5,000,000/- represents a premium of RM 900,000/- ( approximately 21.95% ) over the aforesaid market value derived by the Valuer.
            (e) The approximate age of the one (1) Storey factory and three (3) Storey Office Block erected on the said Land are fourteen (14) years.

            (f) Year of occupancy – since year 1999.
          (5) Utilisation of proceeds, the breakdown and timeframe for full utilisation.

            The proceeds of from the Disposal shall be utilised in the following manners:-

            ItemsAmount (RM)
            Redemption of the said Land and Property from CIMB956,000/-
            Agent and Legal Fees127,000/-
            Working Capital purposes3,917,000/-
            Total5,000,000/-

            Time frame for full utilisation of the proceeds from the Disposal is approximately six (6) months.
          (6) Particulars of liabilities to be assumed by the purchasers (if any).

            There are no liabilities to be assumed by the Purchasers upon the completion of the Disposal.
          (7) Time and place of the agreement and valuation report (if applicable) are available for inspection.

            The SPA and the Valuation Report are available for inspection at the following Registered Office of the Company from Monday to Friday during normal business hours of 9:00 a.m. to 5:00 p.m.:-

              Lot 97, Jalan Industri 3/5, Rawang Integrated Industrial Park, 48000 Rawang, Selangor Darul Ehsan.

          This announcement is dated 25 February 2013.


          MAHSING - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

          Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
          Company NameMAH SING GROUP BERHAD  
          Stock Name MAHSING  
          Date Announced25 Feb 2013  
          CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
          Reference NoMS-130225-2EE05

          Particulars of substantial Securities Holder

          NameEmployees Provident Fund Board
          AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
          NRIC/Passport No/Company No.EPF ACT 1991
          Nationality/Country of incorporationMalaysia
          Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
          Name & address of registered holder1. Employees Provident Fund Board ("EPF")
          Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur

          2. Citigroup Nominees (Tempatan) Sdn Bhd
          Employees Provident Fund Board

          3. Citigroup Nominees (Tempatan) Sdn Bhd
          Employees Provident Fund Board (PHIEM)

          Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

          Details of changes

          Currency: Malaysian Ringgit (MYR)

          Type of transactionDate of change
          No of securities
          Price Transacted (RM)
          Acquired20/02/2013
          2,800,000
           
          Transferred20/02/2013
          1,800,000
           

          Circumstances by reason of which change has occurred1) Acquisition of shares by EPF's fund manager
          2) Transfer of shares from EPF to its fund manager
          Nature of interestDirect
          Direct (units)82,139,620 
          Direct (%)9.775 
          Indirect/deemed interest (units) 
          Indirect/deemed interest (%) 
          Total no of securities after change82,139,620
          Date of notice21/02/2013

          Remarks :
          Form 29B received on 25 February 2013.


          INTEGRA - Change in Audit Committee (Amended Announcement)

          Announcement Type: Change in Audit Committee
          Company NameINTEGRAX BERHAD  
          Stock Name INTEGRA  
          Date Announced25 Feb 2013  
          CategoryChange in Audit Committee
          Reference NoCK-130225-2C39D

          Date of change21/02/2013
          NameFazlur Rahman bin Zainuddin
          Age43
          NationalityMalaysian
          Type of changeAppointment
          DesignationMember of Audit Committee
          DirectorateNon Independent & Non Executive
          QualificationsFellow of the Association of Chartered Certified Accountants (ACCA), United Kingdom  
          Working experience and occupation July 2012 - present : Chief Financial Officer of Tenaga Nasional Berhad

          July 2010 - June 2012 : Chief Financial Officer of NAZA Group of Companies

          November 2008 - June 2010 : Vice President, Business Development of Telekom Malaysia Berhad

          March 2008 - October 2008 : Vice President Finance, Business Planning & Transformation of Telekom Malaysia Berhad

          September 2006 - March 2008 : Chief Financial Officer, Malaysia Business of Telekom Malaysia Berhad

          August 2005 - September 2006 : Chief Financial Officer of TM Net Sdn. Bhd.

          November 2001 - August 2005 : Manager, Retail Finance Malaysia & Singapore of Shell Malaysia Trading Sdn. Bhd.

          June 2001 to November 2001 : Adviser, Capital & Financing Structures (Corporate Treasury) of Shell Malaysia Ltd.

          February 2000 - June 2001 : Corporate Finance Adviser (Corporate Finance) of Shell Malaysia Ltd.

          June 1998 - February 2000 : Management Accountant, Business Services Department of PS Pipeline Sdn. Bhd. (Joint Venture between Shell Malaysia Trading Sdn. Bhd. and Petronas Dagangan Berhad)

          October 1996 - May 1998 : Management Accountant, Finance - Planning & Appraisal Department of Shell Malaysia Trading Sdn. Bhd.

          May 1995 - September 1996 : Financial & Management Accountant, Finance Department of Tiram Kimia Sdn. Bhd. (an associate company to Shell Malaysia)

          January 1993 - May 1995 : Tax Consultant, Tax & Business Services Department of Pricewaterhouse Tax Services Sdn. Bhd.

          July 1990 - February 1992 : Trainee Certified Accountant, Helmore Helmore & Co., Chartered Accountants, London  
          Directorship of public companies (if any)Nil 
          Family relationship with any director and/or major shareholder of the listed issuerNil  
          Any conflict of interests that he/she has with the listed issuerNil  
          Details of any interest in the securities of the listed issuer or its subsidiariesNil  
          Composition of Audit Committee (Name and Directorate of members after change)Chairman:
          Mr. Chan Wan Siew (Independent Non-Executive Director).

          Member:
          Mr. Loong Foo Ching (Independent Non-Executive Director);
          Ir. Abdul Manap bin Ali Hasan (Independent Non-Executive Director);
          Encik Fazlur Rahman bin Zainuddin (Non-Independent Non-Executive Director).


          WCT - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

          Announcement Type: Financial Results
          Company NameWCT BERHAD  
          Stock Name WCT  
          Date Announced25 Feb 2013  
          CategoryFinancial Results
          Reference NoWW-130225-37062

          Financial Year End31/12/2012
          Quarter4
          Quarterly report for the financial period ended31/12/2012
          The figureshave not been audited
          • Default Currency
          • Other Currency

          Currency: Malaysian Ringgit (MYR)

          SUMMARY OF KEY FINANCIAL INFORMATION
          31/12/2012

           
          INDIVIDUAL PERIOD
          CUMULATIVE PERIOD
          CURRENT YEAR QUARTER
          PRECEDING YEAR
          CORRESPONDING
          QUARTER
          CURRENT YEAR TO DATE
          PRECEDING YEAR
          CORRESPONDING
          PERIOD
          31/12/2012
          31/12/2011
          31/12/2012
          31/12/2011
          $$'000
          $$'000
          $$'000
          $$'000
          1Revenue
          380,172
          485,065
          1,560,354
          1,538,589
          2Profit/(loss) before tax
          265,546
          54,187
          420,651
          207,538
          3Profit/(loss) for the period
          237,443
          47,917
          351,409
          166,494
          4Profit/(loss) attributable to ordinary equity holders of the parent
          244,678
          51,509
          364,568
          165,988
          5Basic earnings/(loss) per share (Subunit)
          25.79
          5.55
          38.61
          17.98
          6Proposed/Declared dividend per share (Subunit)
          3.25
          4.50
          7.00
          9.50


          AS AT END OF CURRENT QUARTER
          AS AT PRECEDING FINANCIAL YEAR END
          7
          Net assets per share attributable to ordinary equity holders of the parent ($$)
          1.9100
          1.8300

          Remarks :
          The single tier interim dividend of 3.25 sen per ordinary share of RM0.50 each declared was in respect of financial year ending 31 December 2013.
          Definition of Subunit:

          In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
          Example for the subunit as follows:

          CountryBase UnitSubunit
          MalaysiaRinggitSen
          United StatesDollarCent
          United KingdomPoundPence


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