Goldis Unaudited Financial Results for the Fourth Quarter

Goldis Unaudited Financial Results for the Fourth Quarter
Goldis Unaudited Financial Results for the Fourth Quarter

B.B1.

Review of Performance

B2.

Comparison with Preceding Quarter's Results

B3.

Coming Year Prospects

B4.

Variance of Actual Profit from Forecast Profit or Profit Guarantee

B5.

Statement by Directors

B6.

Taxation

Current tax:

Malaysian tax Foreign tax Deferred Tax

B7.

Profit or Losses on Sales of Unquoted Investments and Properties

B8.

Quoted Securities

The total investments in quoted securities as at 31 January 2011 are as follows:

RM'000

At cost

2,996 At book value/carrying value 3,767 At fair value

3,767

Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities Berhad The effective income tax expense of the Group for the current quarter is lower than the statutory tax rate is due to certain income not subject to tax,utilisation of unutilised tax losses brought forward,and unabsorbed capital allowances in certain subsidiaries.There were no sales of unquoted investments and properties for the current quarter and financial year-to-date.The Group revenue for the current quarter increased by 45%to RM76.1million as compared to RM52.4million in the preceding year corresponding quarter due to higher contribution from all segments particularly from the ICT,property and hotel segment.The Group profit before taxation for the current quarter,however,decreased by 17%to RM3.9million from RM4.7million in the preceding year corresponding quarter.The decrease is mainly from the ICT,paper manufacturing and acquaculture segment but it was partially offset by an increase in the pharmaceutical segment and share of results of associate, IGB.

The Group revenue for the current quarter of RM76.1million,showed an improvement of 4%from RM73.3million in the preceding quarter due to higher contribution from ICT, property and hotel segment. The Group profit before taxation for the current quarter decreased to RM3.9million as compared to RM11.9million,in the preceding quarter.The decrease is mainly from the ICT,acquaculture,property and hotel segment but it was partially offset by an increase in share of results of associate, IGB.

The Group revenue for the year ended 31January 2011increased by 35%to RM268.0million as compared to RM198.4million in the preceding year corresponding quarter due to higher contribution from all segments particularly from the healthcare,ICT,property and hotel segment.The Group profit before taxation for the year ended 31January 2011,however,decreased by 18%to RM32.7million from RM40.1million in the preceding year corresponding quarter.The decrease is mainly from the paper manufacturing,acquaculture,property and hotel segment but it was partially offset by an increase in the pharmaceutical and ICT segment as well as share of results of associate, IGB.Given the uncertainties in the economic conditions,the Board is of the opinion that the performance of the Group for financial year ending 31 January 2012 will be satisfactory.

The Group did not disclose or announce any profit forecast or projection in a public document in the current quarter or prior financial year.In the Board of Directors'opinion,the internal targets set by management for the remaining period of the current financial year ending 31 January 2011 are likely to be achieved.The Group did not issue any profit forecast or profit guarantee in the current quarter or in the prior financial year.

B.Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities Berhad B9.

Status of Corporate Proposals

B10.Details of Group Borrowings and Debt Securities

Current Revolving credits Term loans Trust receipts and Bankers' acceptances Bank overdraft Non-current

Term loans Total

The currency exposure profile of bank borrowings is as follows:

Ringgit Malaysia Chinese Renminbi US Dollar

B11.Derivative Financial Instruments

B12.Changes in Material Litigations

B13.Proposed Dividends

B14.Earnings Per Share

(a)Basic Earnings Per Share

Current Quarter Current YTD Net profit attributable to ordinary equity holders of the Company (RM'000)(1,771) 23,686 69,679 609,161 Basic earnings per share (sen)

(2.54) 3.89

The basic earnings per share of the Group is calculated by dividing the net profit attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares in issue during the financial period.

Weighted average no. of ordinary shares in issue ('000)At the forthcoming Annual General Meeting,a first and final dividend in respect of the current financial year ended 31January 2011 of 1.25 sen per share tax exempt amounting to RM7,621,007 will be proposed for shareholders' approval.As at the reporting date,there were no pending material litigations since the last financial year ended 31January 2010and up to the reporting date.With the adoption of FRS 139,financial derivatives are recognised on their respective contract dates.The related accounting policies are disclosed in note A1in the section on the Notes to the Interim Report.There are no off-balance sheet financial instruments.There were no corporate proposals announced.

B.

Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities Berhad (b)Diluted Earnings Per Share

Net profit attributable to ordinary equity holders of the Company (RM'000)

Adjustments for exercise of ESOS ('000)

Diluted earnings per share (sen)

B15.Total Retained Earnings (a)Company and subsidiaries

- realised profit - unrealised loss (b)Associates

- realised profit - unrealised loss

(c)Group consolidated adjustment

Total Group retained earnings as per unaudited consolidated financial statements

B16.The audit report of the Group's annual financial statements for the year ended 31January 2010did not contain any qualification.

Audit Report Qualification and Status of Matters Raised

For diluted earnings per share of the Group,the weighted average number of ordinary shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares.The Group has dilutive potential ordinary shares from share options granted to employees.

Weighted average no. of ordinary shares in issue ('000)Realised and Unrealised Retained Earnings

Weighted average number of ordinary shares for diluted earnings per share ('000)

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