August 30, 2013

Company announcements: SANICHI, NSOP, SIME, AIRPORT, KINSTEL, DSONIC

SANICHI - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NameSANICHI TECHNOLOGY BERHAD (ACE Market) 
Stock Name SANICHI  
Date Announced30 Aug 2013  
CategoryFinancial Results
Reference NoCC-130827-48437

Financial Year End30/06/2013
Quarter4
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
4,431
1,441
7,281
3,845
2Profit/(loss) before tax
-1,983
-2,358
912
-7,830
3Profit/(loss) for the period
-2,136
-2,383
912
-7,855
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,136
-2,383
912
-7,855
5Basic earnings/(loss) per share (Subunit)
-1.00
-1.30
0.50
-4.50
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
0.1400
0.0600
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


NSOP - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NameNEGRI SEMBILAN OIL PALMS BERHAD  
Stock Name NSOP  
Date Announced30 Aug 2013  
CategoryFinancial Results
Reference NoNS-130830-D55A9

Financial Year End31/12/2013
Quarter2
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
16,236
22,871
33,039
43,231
2Profit/(loss) before tax
1,718
7,308
4,800
12,687
3Profit/(loss) for the period
1,428
5,717
3,824
9,908
4Profit/(loss) attributable to ordinary equity holders of the parent
1,097
4,649
3,206
8,390
5Basic earnings/(loss) per share (Subunit)
1.56
6.62
4.57
11.95
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
4.00
15.00


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 ($$)
5.3900
5.3600

Remarks :
Dividend: 2013: First interim dividend of single tier 4%. 2012: First interim dividend of 10% less 25% taxation and special dividend of 5% less 25% taxation.
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


NSOP - OTHERS DECISION ON INTERIM DIVIDEND FOR THE SECOND FINANCIAL QUARTER AND SIX MONTHS ENDED 30 JUNE 2013

Announcement Type: General Announcement
Company NameNEGRI SEMBILAN OIL PALMS BERHAD  
Stock Name NSOP  
Date Announced30 Aug 2013  
CategoryGeneral Announcement
Reference NoNS-130830-D559C

TypeAnnouncement
SubjectOTHERS
DescriptionDECISION ON INTERIM DIVIDEND FOR THE SECOND FINANCIAL QUARTER AND SIX MONTHS ENDED 30 JUNE 2013

A first interim dividend of single tier 4% in respect of the financial year ending 31 December 2013 was paid on 28 June 2013.

The Board of Directors has resolved that no further interim dividend is declared in respect of the second financial quarter and six months ended 30 June 2013.



SIME - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced30 Aug 2013  
CategoryGeneral Announcement
Reference NoSD-130830-56282

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionNotice of Arbitration between Swiber Offshore Construction Pte Ltd and Sime Darby Engineering Sdn Bhd (Announcement pursuant to paragraphs 9.03 and 9.04(g) of the Main Market Listing Requirements)
Sime Darby Berhad (Sime Darby) wishes to announce that its indirect wholly-owned subsidiary, Sime Darby Engineering Sdn Bhd (SDE) has, on 29 August 2013, received a Notice of Arbitration dated 28 August 2013 from Swiber Offshore Construction Pte Ltd (SOC) to refer the disputes and differences in relation to its claim against SDE to arbitration pursuant to the provisions of the Consortium Agreement dated 3 July 2010 (Consortium Agreement).

SOC, the claimant, and SDE, the respondent, (collectively referred to as the "Consortium") entered into the Consortium Agreement to govern their relationship as a Consortium with regards to the execution and performance of the contract for the B-193 Process Platform Project (Process Platform Project) awarded by Oil and Natural Gas Corporation Ltd (ONGC) via a Notification of Award dated 19 May 2010 for a total contract price of US$618,376,022.00.
    Disputes and differences relating to the Process Platform Project have since arisen between SOC and SDE. Pursuant to Article 12C of the Consortium Agreement, the disputes between the Consortium shall be referred to and determined by arbitration at the Singapore International Arbitration Centre in accordance with UNCITRAL Rules.

    The arbitration proceeding is not expected to have a material impact on the earnings and the net assets of the Sime Darby Group for the financial year ending 30 June 2014.

    None of the directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the aforesaid arbitration proceeding.

    This announcement is dated 30 August 2013.


    SIME - OTHERS Disposal of Sime Darby TMA Sdn Bhd (Announcement pursuant to Chapter 9.19 (24) of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements)

    Announcement Type: General Announcement
    Company NameSIME DARBY BERHAD  
    Stock Name SIME  
    Date Announced30 Aug 2013  
    CategoryGeneral Announcement
    Reference NoSD-130829-7C70E

    TypeAnnouncement
    SubjectOTHERS
    DescriptionDisposal of Sime Darby TMA Sdn Bhd
    (Announcement pursuant to Chapter 9.19 (24) of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements)
    Sime Darby Berhad (Sime Darby) wishes to announce that its wholly-owned subsidiary, Sime Darby Industrial Sdn. Bhd. (SDI) has on 28 August 2013 entered into a Share Sale Agreement with Terberg Tractors Malaysia Sdn. Bhd. (TTM) for the disposal of the entire equity interest held by SDI in Sime Darby TMA Sdn. Bhd. (SDTMA) comprising 3,000,000 ordinary shares of RM1.00 each (Sale Shares) to TTM at a purchase consideration of RM25.0 million, arrived at on a "willing buyer-willing seller" basis (Disposal).
    TTM is a joint venture company between SDI and Terberg Group B.V. (Terberg).

    SDTMA has an issued and paid-up share capital of RM3,000,000.00 comprising 3,000,000 ordinary shares of RM1.00 each and is principally involved in the business of manufacturing and assembly of tractor implements, parts and other products.

    The completion of the Disposal is conditional upon, inter alia:

    (i) SDI obtaining the approval of the Ministry of International Trade and Industry and Malaysian Investment Development Authority for the transfer of the Sale Shares as part of the conditions imposed in the manufacturing licenses of SDTMA;

    (ii) Terberg securing the approval from its supervisory board on the sale and transfer of the Sale Shares; and

    (iii) SDI obtaining the approval from SDTMA’s banker for the reduction of Sime Darby’s indirect shareholding in SDTMA to less than 51% pursuant to the terms and conditions of the banking facilities granted by SDTMA's banker to SDTMA.

    Upon completion of the Disposal, SDTMA will cease to be a subsidiary of SDI.

    The Disposal will not have a material effect on the earnings or net assets of the Sime Darby Group for the financial year ending 30 June 2014.

    None of the directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the said disposal.

    This announcement is dated 30 August 2013.


    SIME - MEMORANDUM OF UNDERSTANDING

    Announcement Type: General Announcement
    Company NameSIME DARBY BERHAD  
    Stock Name SIME  
    Date Announced30 Aug 2013  
    CategoryGeneral Announcement
    Reference NoSD-130827-4487E

    TypeAnnouncement
    SubjectMEMORANDUM OF UNDERSTANDING
    DescriptionMemoranda of Understanding
    1. Memorandum of Understanding between Sime Darby Plantation Sdn Bhd, the Government of Malaysia, as represented by Agensi Inovasi Malaysia, and other participants for the development of the Oil Palm Biomass Centre
        Further to the announcements dated 22 March 2012, 30 May 2012, 29 August 2012, 27 November 2012, 27 February 2013 and 31 May 2013 in relation to the Memorandum of Understanding (MOU) entered into between Sime Darby Plantation Sdn Bhd (SDP), a wholly-owned subsidiary of Sime Darby Berhad (Sime Darby), the Government of Malaysia as represented by Agensi Inovasi Malaysia and other participants for the development of the Oil Palm Biomass Centre, Sime Darby wishes to announce that the draft Consortium Agreement is still pending finalisation by the respective parties.
    2. Memorandum of Understanding between Sime Darby Overseas (HK) Limited and Weifang Municipal Port and Navigation Bureau
        Further to the announcement dated 31 May 2013 in relation to the MOU entered into between Sime Darby Overseas (HK) Limited, an indirect wholly-owned subsidiary of Sime Darby and Weifang Municipal Port and Navigation Bureau for the collaboration on the construction of a terminal project consisting of 2x30,000 ton liquid chemical terminals, 3x30,000 ton multi-purpose terminals and 3x30,000 ton general terminals in Weifang Port, China, Sime Darby wishes to announce that in line with the MOU, three new companies, namely Weifang Sime Darby Liquid Terminal Co. Ltd, Weifang Sime Darby West Port Co. Ltd and Weifang Sime Darby General Terminal Co. Ltd were incorporated on 28 June 2013 to undertake the expansion of Weifang Port. The incorporation of the companies was announced on 8 July 2013.
      3. Memoranda of Understanding between Weifang Sime Darby Port Co. Ltd and Two Other Parties for the Proposed Cooperation and Collaboration in the Weifang Port, China

          Further to the announcements dated 14 June 2012, 29 August 2012, 27 November 2012, 27 February 2013 and 31 May 2013 in relation to the MOUs entered into between Weifang Sime Darby Port Co. Ltd. (WSDP), an indirect subsidiary of Sime Darby, and the following parties, the status of the proposed cooperation and collaboration in the Weifang Port, China is as follows:
      No.
      Party
      Status of MOU
      1.
      Downstream Logistics B.V.
      (DL)
      The recommendations by DL have been completed by WSDP and as such the engagement has ceased.
      2.
      Weifang GovernmentThe collaboration has been completed with the signing of the MOU under paragraph 2 above.
        This announcement is dated 30 August 2013.


        SIME - PROVISION OF FINANCIAL ASSISTANCE

        Announcement Type: General Announcement
        Company NameSIME DARBY BERHAD  
        Stock Name SIME  
        Date Announced30 Aug 2013  
        CategoryGeneral Announcement
        Reference NoSD-130823-38391

        TypeAnnouncement
        SubjectPROVISION OF FINANCIAL ASSISTANCE
        DescriptionProvision of Financial Assistance
        1. Letter of Indemnity
            Sime Darby Berhad (Sime Darby or the Company) had, on 27 February 2008, announced that it had during the quarter ended 31 December 2007, issued a Letter of Indemnity to the Directors of Sarawak Hidro Sdn. Bhd. (Sarawak Hidro) to indemnify them from all consequences, liabilities, damages or losses which they may suffer as a result of their agreeing to Sarawak Hidro providing financial assistance to the Malaysian-China Hydro Joint Venture (MCH JV) for the completion of the CW2 Package for the main civil works for the Bakun Hydroelectric Project by the MCH JV.

            The said Letter of Indemnity has not been withdrawn or cancelled and will have no material financial impact on the Sime Darby Group unless it is called upon.

            Sime Darby has an effective interest of 35.7% in the MCH JV. The parties to the MCH JV and their interests therein are as follows:-

            i. Sinohydro Corporation (30% of the MCH JV)
            ii. the Sime Joint Venture (70% of the MCH JV), comprising:-
              a. Sime Engineering Sdn. Bhd. (51% of the Sime Joint Venture)
              b. Edward & Sons (EM) Sdn. Bhd. (5% of the Sime Joint Venture)
              c. the WMAI Joint Venture (44% of the Sime Joint Venture), comprising:-
                aa. WCT Engineering Berhad (25% of the WMAI Joint Venture)
                bb. MTD Capital Berhad (25% of the WMAI Joint Venture)
                cc. Ahmad Zaki Resources Berhad (25% of the WMAI Joint Venture)
                dd. Syarikat Ismail Ibrahim Sdn. Bhd. (25% of the WMAI Joint Venture).
            Sime Engineering Sdn. Bhd. is an indirect wholly-owned subsidiary of Sime Darby.

            The following parties in the MCH JV have given counter guarantees and indemnities to Sime Darby, proportionate to their respective interests in the MCH JV:-

            i. Sime Engineering Sdn. Bhd.
            ii. Sinohydro Corporation
            iii. WCT Engineering Berhad
            iv. MTD Capital Berhad.
        2. Cash Advance
            Sime Engineering Sdn. Bhd. had, on 7 March 2012, agreed to fund approximately RM30 million progressively based on projected monthly requirement, to the MCH JV. The cash funding is required to meet overheads and third party sub-contractors payment requirements. To-date, there is an amount of RM8.3 million outstanding from MCH JV.

            The cash advance will have no material financial impact on the Sime Darby Group for the financial year ending 30 June 2014.
          This announcement is dated 30 August 2013.


          AIRPORT - OTHERS MALAYSIA AIRPORTS HOLDINGS BERHAD ("Malaysia Airports") Passenger, Cargo and Aircraft Movements for July 2013

          Announcement Type: General Announcement
          Company NameMALAYSIA AIRPORTS HOLDINGS BERHAD  
          Stock Name AIRPORT  
          Date Announced30 Aug 2013  
          CategoryGeneral Announcement
          Reference NoMA-130830-C5626

          TypeAnnouncement
          SubjectOTHERS
          DescriptionMALAYSIA AIRPORTS HOLDINGS BERHAD ("Malaysia Airports")
          Passenger, Cargo and Aircraft Movements for July 2013

          Malaysia Airports is pleased to announce the passenger, cargo and aircraft movements at airports operated by Malaysia Airports Group for the month of July 2013 and a summary of airport traffic for July 2013 as attached therewith.

          This announcement is dated 30 August 2013.

          Attachments

          JUL13.xls
          36 KB

          Summary.July2013.pdf
          99 KB



          KINSTEL - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

          Announcement Type: Financial Results
          Company NameKINSTEEL BHD  
          Stock Name KINSTEL  
          Date Announced30 Aug 2013  
          CategoryFinancial Results
          Reference NoCK-130830-60999

          Financial Year End31/12/2013
          Quarter2
          Quarterly report for the financial period ended30/06/2013
          The figureshave not been audited
          • Default Currency
          • Other Currency

          Currency: Malaysian Ringgit (MYR)

          SUMMARY OF KEY FINANCIAL INFORMATION
          30/06/2013

           
          INDIVIDUAL PERIOD
          CUMULATIVE PERIOD
          CURRENT YEAR QUARTER
          PRECEDING YEAR
          CORRESPONDING
          QUARTER
          CURRENT YEAR TO DATE
          PRECEDING YEAR
          CORRESPONDING
          PERIOD
          30/06/2013
          30/06/2012
          30/06/2013
          30/06/2012
          $$'000
          $$'000
          $$'000
          $$'000
          1Revenue
          416,689
          669,625
          826,743
          1,175,699
          2Profit/(loss) before tax
          -86,122
          -11,192
          -109,924
          7,033
          3Profit/(loss) for the period
          -86,135
          -11,205
          -109,948
          7,009
          4Profit/(loss) attributable to ordinary equity holders of the parent
          -35,402
          -4,264
          -43,824
          6,002
          5Basic earnings/(loss) per share (Subunit)
          -3.40
          -0.41
          -4.21
          0.58
          6Proposed/Declared dividend per share (Subunit)
          0.00
          0.00
          0.00
          0.00


          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 ($$)
          0.4700
          0.5100
          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


          DSONIC - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

          Announcement Type: Financial Results
          Company NameDATASONIC GROUP BERHAD  
          Stock Name DSONIC  
          Date Announced30 Aug 2013  
          CategoryFinancial Results
          Reference NoCC-130829-16881

          Financial Year End31/12/2013
          Quarter2
          Quarterly report for the financial period ended30/06/2013
          The figureshave not been audited
          • Default Currency
          • Other Currency

          Currency: Malaysian Ringgit (MYR)

          SUMMARY OF KEY FINANCIAL INFORMATION
          30/06/2013

           
          INDIVIDUAL PERIOD
          CUMULATIVE PERIOD
          CURRENT YEAR QUARTER
          PRECEDING YEAR
          CORRESPONDING
          QUARTER
          CURRENT YEAR TO DATE
          PRECEDING YEAR
          CORRESPONDING
          PERIOD
          30/06/2013
          30/06/2012
          30/06/2013
          30/06/2012
          $$'000
          $$'000
          $$'000
          $$'000
          1Revenue
          59,014
          58,790
          118,288
          83,248
          2Profit/(loss) before tax
          22,795
          11,584
          40,445
          21,949
          3Profit/(loss) for the period
          20,589
          8,497
          35,639
          16,055
          4Profit/(loss) attributable to ordinary equity holders of the parent
          20,589
          8,497
          35,639
          16,055
          5Basic earnings/(loss) per share (Subunit)
          22.88
          12.20
          39.60
          23.06
          6Proposed/Declared dividend per share (Subunit)
          7.50
          0.00
          7.50
          0.00


          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 ($$)
          1.5800
          1.2300

          Remarks :
          The Board of Directors has declared a first interim single-tier tax exempt dividend of 7.5 cents per share for the 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