AMTEL

Quarterly rpt on consolidated results for the financial period ended 30/11/2008

Amended Announcements
Please refer to the earlier announcement reference number: AH-090121-54315

AMTEL HOLDINGS BERHAD

Financial Year End

30/11/2008
Quarter4
Quarterly report for the financial period ended30/11/2008
The figureshave not been audited

Remarks :
The Company’s results for 4th Quarter ended 30/11/2008 as announced on 21 January 2009 incorporated the impairment loss in investment in the associated company, Permata Makmur Sdn Bhd ("PMSB") of RM3.476 million, based on the sales proceeds of RM3.6 million pursuant to the Sale and Purchase Agreement entered into on 5 December 2008.

On 27 February 2009, the Company entered into an Option Agreement to dispose of the remaining 18% equity interest in PMSB for a consideration of RM1.2 million. The Option Agreement has shed further information as to the recoverable amount of the remaining 18% investment costs and suggests that a further impairment loss is required.

On the above premise, the results for 4th Quarter as announced earlier would be affected accordingly.

Highlighted below are material changes to the 4th Quarter results:-

Cumulative Current Year
Before adjustment (RM'000) After adjustment (RM'000)
Loss before tax -3,776 -4,419
Loss attributable to ordinary -3,799 -4,442
equity holders of the parent
Net assets per share (RM) 0.6385 0.6255

SUMMARY OF KEY FINANCIAL INFORMATION
30/11/2008

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
28/11/2008
30/11/2007
30/11/2008
30/11/2007
RM'000
RM'000
RM'000
RM'000
1Revenue
8,906
10,377
41,312
36,641
2Profit/(loss) before tax
-4,442
-985
-4,419
-2,652
3Profit/(loss) for the period
-4,385
-782
-4,485
-2,607
4Profit/(loss) attributable to ordinary equity holders of the parent
-4,235
-769
-4,442
-2,354
5Basic earnings/(loss) per share (sen)
-8.59
-1.56
-9.01
-4.97
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)
0.6255
0.7161

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



Announcement Info

Company NameAMTEL HOLDINGS BERHAD  
Stock Name AMTEL    
Date Announced27 Feb 2009  
CategoryFinancial Results
Reference NoAH-090225-38129