SOP

Quarterly rpt on consolidated results for the financial period ended 30/6/2006

Amended Announcements
Please refer to the earlier announcement reference number: SO-060830-32788

SARAWAK OIL PALMS BERHAD

Financial Year End

31/12/2006
Quarter2
Quarterly report for the financial period ended30/06/2006
The figureshave not been audited

Remarks :
On 8 May 2006, the Company had acquired 65% equity interest in Danum Jaya Sdn Bhd ("DJSB") and in order to comply fully with FRS 127 on Consolidated Financial Statements and Investment in Subsidiaries where fair value of assets and liabilities are to be used, amendments had been made to the Quarterly Report for 2nd Quarter 2006 to reflect the impact of the joint venture. As a result of the joint venture, a reserve on consolidation (or negative goodwill) of RM3,605,460 was recognised in the Consolidated Income Statement of the Group in accordance with FRS 3 on Business Combination. This has resulted in a higher profit before tax of the same amount. This is further explained and elaborated in note A11 in the attached Amended Quarterly Report.

Amendments has been made to the following:-
(i) Part A2: Item 2 - Profit/(loss) before tax and minority interest for current year quarter should read "10,257" instead of "7,250" and for year todate should read "14,598"
instead of "10,993".
(ii) Part A2: Item 3 - Profit/(loss) after tax and minority interest for current year quarter should read "8,128" instead of "4,523" and for year todate should read "10,855"
instead of "7,250".
(iii) Part A2: Item 4 - Net Profit/(loss) for current year quarter should read "8,128" instead of "4,523" and for year todate should read "10,855" instead of "7,250".
(iv) Part A2: Item 5 - Basic earnings per share (sen) for current year quarter should read "5.71" instead of "3.18" and for year todate should read "7.66" instead of "5.02".
(v) Part A2: Item 7 - Net assets per share (RM) as at end of current quarter should read "2.27" instead of "2.24".

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2006

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2006
30/06/2005
30/06/2006
30/06/2005
RM'000
RM'000
RM'000
RM'000
1Revenue
46,478
41,824
90,259
80,967
2Profit/(loss) before tax
10,257
7,005
14,598
12,840
3Profit/(loss) for the period
8,128
4,038
10,855
7,735
4Profit/(loss) attributable to ordinary equity holders of the parent
8,128
4,038
10,855
7,735
5Basic earnings/(loss) per share (sen)
5.71
4.25
7.66
8.14
6Proposed/Declared dividend per share (sen)
2.50
5.00
2.50
5.00
 
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 (RM)
2.2700
2.6200

Note: For full text of the above announcement, please access KLSE Web site at www.klse.com.my


Remarks :
no change.


Announcement Info

Company NameSARAWAK OIL PALMS BERHAD  
Stock Name SOP    
Date Announced20 Nov 2006  
CategoryFinancial Results
Reference NoSO-061117-56919