For The Financial Period Ended 30 December 2009

(The figures have not been audited)


(The Condensed Consolidated Income Statement and Balance Sheet should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 30 December 2009)




(The Condensed Consolidated Cash Flow and Segmental Information should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 30 December 2009)

For the financial year ended 2009, the Group revenue from continuing operaions was RM671.87 million and Group loss after tax was RM25.37 million compared to a revenue of RM866.21 million and a loss after tax of RM117.57 million for the previous financial year 2008. Group revenue was lower in the current year 2009 due largely to weaker contribution from the Group`s property and hotel operations in Australia. However, Group loss was lower for the current year 2009 due to absence of significant assets impairment which was recorded in the previous year 2008.

The Group also recorded profit from discontinued operations of RM35.84 million  for the current year. This was mainly from the disposed indirect subsidiary.

The Group also recorded profit from discontinued operations of RM35.84 million for the current year. This was mainly from the disposed indirect subsidiary.

The Group recorded a profit before taxation from continuing operations of RM61.37 million in the 4^th quarter of 2009 as against a loss before tax of RM6.88 million in the 3^rd quarter of 2009. The improvement in results in the current quarter was mainly due to improvement in the Group`s property and hotel operations in Australia.