CITAGLB
Quarterly rpt on consolidated results for the financial period ended 31/10/2007
| WENG ZHENG RESOURCES BERHAD |
|
Financial Year End | 30/04/2008 |
| Quarter | 2 |
| Quarterly report for the financial period ended | 31/10/2007 |
| The figures | have not been audited |
SUMMARY OF KEY FINANCIAL INFORMATION31/10/2007 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31/10/2007 | 31/10/2006 | 31/10/2007 | 31/10/2006 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
| 1 | Revenue | 0 | 0 | 0 | 0 |
| 2 | Profit/(loss) before tax | 3,795 | 0 | 3,795 | 0 |
| 3 | Profit/(loss) for the period | 3,795 | 0 | 3,795 | 0 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 3,795 | 0 | 3,795 | 0 |
| 5 | Basic earnings/(loss) per share (sen) | 4.89 | 0.00 | 4.89 | 0.00 |
| 6 | Proposed/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) | 0.5500 | 0.0000 | ||
Note: For full text of the above announcement, please access KLSE Web site at www.klse.com.my
| Remarks : |
| Note: (i) This is the first Interim Financial Statement on the consolidated results for the financial period ended 31 October 2007 announced by the Company in compliance with the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and in conjunction with the admission of the Company to the Second Board of Bursa Securities. As this is the first quarterly report being drawn up, there are no comparative figures for the preceding year's corresponding quarter. (ii) In conjunction with the Initial Public Offering ("IPO") exercise, the acquisitions of Weng Zheng Sdn Bhd, Weng Zheng Trading Sdn Bhd and Weng Zheng Marketing Sdn Bhd ("Acquisitions") were completed on 6 November 2007 when the sale and purchase agreements became unconditional. For accounting purposes, the Acquisitions were deemed completed on 31 October 2007 as our Board is of the view that the financial effects from 31 October 2007 to completion of Acquisitions on 6 November 2007 are immaterial. (iii) The condensed consolidated income statement should be read in conjunction with the audited proforma consolidated financial statements and the accountants' report for the financial period ended 31 July 2007 as disclosed in the Prospectus dated 10 December 2007 and the accomplying explanatory notes attached to the interim financial reports. (iv) Included in Other Income is negative goodwill of RM3.804 million arising from the Acquisitions which is non-recurring and represents the excess of the fair values of the net identifiable assets acquired (and included the profit after taxation for the six month ended 31 October 2007) as at the completion date over the acquisition cost. In accordance with FRS 3 : Business combination, the negative goodwill is recognised immediately in the income statement. (v) The operating results of the Group for the period from 1 May 2007 to 31 October 2007, which are treated as pre-acquisition profit, are set out below:- RM’000 Turnover 37,579 ___________ Consolidated Profit before taxation 4,045 Taxation (488) __________ Consolidated Profit after taxation 3,557 ___________ |
Announcement Info
| Company Name | WENG ZHENG RESOURCES BERHAD |
| Stock Name | WZRB |
| Date Announced | 28 Dec 2007 |
| Category | Financial Results |
| Reference No | CC-071228-70620 |