SKPRES

Quarterly rpt on consolidated results for the financial period ended 30/6/2003

Amended Announcements
Please refer to the earlier announcement reference number: CC-030815-32115

SKP RESOURCES BHD

Quarterly report for the financial period ended

30/06/2003
Quarter1
Financial Year End31/03/2004
The figureshave not been audited

Remarks :
This is an amended announcement to the one made on 20/08/2003 under ref: CC-030815-32115
The amendments made were as follows:-
1. Unaudited Condensed Consolidated Balance Sheet

- the column "as at preceding financial year end 30/06/2002" has been replaced with the results "as at preceding financial year end 31/03/2003".

- As at the end of Current Quarter ended 30/06/2003:-
(i) Investment in quoted shares of RM2,000,000 has been shifted under the header of Current assets and read as "Marketable securities".
(ii) The cash amount of RM32,618,000 has been revised to "Cash and Bank Balances amounting to RM32,619,000".
(iii) Net current assets or current liabilities of RM39,319,000 has been revised to RM41,320,000.

- The remarks to the balance sheets has been deleted and replaced with "The Unaudited Condensed Consolidated Balance Sheet should be read in conjunction with the annual financial statements for the year ended 31 March 2003".

2. Unaudited Condensed Consolidated Statements of Changes in Equity

- Total as at 1 April 2003, as previously reported, should read as RM57,238,000 instead of RM9,238,000;
- Total as at 30 June 2003 should read as RM58,877,000 instead of RM58,876,000;
- The following paragraph has been inserted:
"The Unaudited Condensed Consolidated Statements of Changes in Equity should be read in conjunction with the annual financial statements for the year ended 31 March 2003".

3. Unaudited Condensed Consolidated Income Statements

The following line has been inserted:
"The Unaudited Condensed Consolidated Income Statements should be read in conjunction with the annual financial statements for the year ended 31 March 2003".

4. Unaudited Condensed Consolidated Cash Flow Statements

The statement for 3 months ended 30.06.03 has been replaced as attached.

5. Notes

A11 [Effect of Changes in the composition of the Group] - The word "year-to-date" has been replaced with "period-to-date".

B2 [Comparison with preceding quarter's results] - The paragraph has been replaced with the following:-
"Compared with preceding quarter, the revenue increased by 10% from RM13.2 million to RM14.5 million. The profit before tax decreased by 17% from RM3.0 million to RM2.5 million due to lower margin products mixed during this quarter".

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2003


INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR CORRESPONDING QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR CORRESPONDING PERIOD
30/06/2003 
30/06/2002 
30/06/2003 
30/06/2002 
 
 
 
 
RM'000
RM'000
RM'000
RM'000
1Revenue
14,456
0
14,456
0
2Profit/(loss) before tax
2,491
0
2,491
0
3Profit/(loss)
after tax and minority
interest
1,782
0
1,782
0
4Net profit/(loss) for
the period
1,782
0
1,782
0
5Basic earnings/(loss) per share (sen)
3.71
0.00
3.71
0.00
6Dividend per share (sen)
0.00
0.00
0.00
0.00



AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR
END
7
Net tangible assets per share (RM)

1.5800
1.5600

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



Announcement Info

Company NameSKP RESOURCES BHD  
Stock Name SKPRES    
Date Announced25 Sept 2003  
CategoryFinancial Results
Reference NoCC-030925-59383