MCEHLDG

Quarterly rpt on consolidated results for the financial period ended 31/7/2007

Amended Announcements
Please refer to the earlier announcement reference number: CC-070924-44298

MULTI-CODE ELECTRONICS INDUSTRIES (M) BHD

Financial Year End

31/07/2007
Quarter4
Quarterly report for the financial period ended31/07/2007
The figureshave not been audited

Remarks :
Variances from audited results for the financial year ended 31 July 2006 as well as unaudited results previously announced for 4th quarter ending 31 July 2007

Some variances have been detected for the Group audited results for the financial year ended 31 July 2006 as well as for the audited results of the Group from the unaudited results as announced on 25 September 2007.

In year 2006, the Company engaged Ernst & Young (EY) to review the impact of revised and new Financial Reporting Standards (FRS) on the Group and the Company, as well as conversion to comply with the FRS. These variances occurred due to EY’s recommendations on adoption of FRSs, during this FRS conversion exercise.

However for the financial year ended in 31 July 2007, during the Group and Company interim and final statutory audit exercises, EY failed to detect the error in their FRS recommendations.

This matter is subsequently raised by management to EY after the management attended the FRS Seminar 2007 in November 2007, but which by then, the 4th quarterly financial results announcement had already been made to Bursa Malaysia Securities Berhad.

The consequences arising from this oversight by EY in this matter, resulted in a decrease of RM1.06 million in the Group’s profit after tax for financial year ended 31 July 2006 and a decrease of RM0.2 million in the Group’s profit after tax for financial year ended 31 July 2007.

These changes are now reflected and included in the latest financial results accompanied in this report.

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2007

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2007
31/07/2006
31/07/2007
31/07/2006
RM'000
RM'000
RM'000
RM'000
1Revenue
11,646
11,617
40,005
52,542
2Profit/(loss) before tax
753
-798
735
2,667
3Profit/(loss) for the period
1,182
-1,955
714
1,057
4Profit/(loss) attributable to ordinary equity holders of the parent
1,116
-1,955
632
856
5Basic earnings/(loss) per share (sen)
2.51
-4.40
1.42
1.93
6Proposed/Declared dividend 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 assets per share attributable to ordinary equity holders of the parent (RM)
1.7800
1.8200

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



Announcement Info

Company NameMULTI-CODE ELECTRONICS INDUSTRIES (M) BHD  
Stock Name MULTICO    
Date Announced19 Dec 2007  
CategoryFinancial Results
Reference NoCC-071128-53005